271 Middlebury Dr
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Relisted | $170,000 | |
| Relisted | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Alexander Realty | $170,000 | |
| Listed by Alexander Realty | |||
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***THIS PROPERTY IS A SHORT SALE***Welcome to this 3-bedroom, 1-bath home offering 1,332 sq ft of living space on a fully fenced, mixed-use lot-perfect for residential living or home-based business opportunities. Located just minutes from Loop 410 and right off Nacogdoches, this property features an open floor plan connecting the living, dining, and kitchen areas, hardwood floors full of character, and a converted garage that adds a spacious bonus room. While the home is in need of partial renovations and priced as a fixer-upper, recent updates include a newer roof, water heater, and a 3-4 year old AC unit. Gas is available for future upgrades, and a peaceful covered patio in the backyard offers space to unwind. With great potential for customization and growth, this is a unique opportunity you don't want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017