14
Map
281 8th Street SE
About This Property
Newer, hot water heater, roof 2017,solar panels 2023,vaulted ceiling, zoned bedrooms, bathroom in between bedrooms with tile floors and tile combo tub shower, Laminate wood floors, no carpet in the home, open in spacious kitchen with white cabinets and granite countertops with stainless steel appliances, walk-in utility room, large living room with fireplace and TV mounted above remains, fourth bedroom would make an ideal in law quarter/Teen suite, large master suite with ledge, garden tub, tile floors, linen closet, and walk-in closet , home needs TLC but the bones are great
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 13, 2026 | Price Increased |
$510,000
↑ $10K
(2%) | |
| Price Increased | |||
| Sep 10, 2026 | Relisted | $499,999 | |
| Relisted | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017