309 Chestnut Drive
About This Property
Well kept 3BR/2BA ranch with 2 zone gas heat & central air features a spacious Living Room with bay window, Kitchen with recessed lighting & breakfast bar, Family Room with gas fireplace, vaulted ceiling, ceiling fans & slider to tranquil fenced rear yard with paver patio, concrete sidewalks, pergola, pond & well for irrigation. 2 car garage with slop sink & pull down attic provide plenty of storage. Newer items include roof, boiler, hot water heater, skylights & garage door opener. Primary bath has been updated. Laminate floors, decorative trim & Anderson windows throughout most of the home. Skylights in Kitchen and Baths offer wonderful natural sunlight. Great house!
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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 24, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Coldwell Banker Riviera Realty | $459,000 | |
| Listed by Coldwell Banker Riviera Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017