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3101 Festus DR
About This Property
Step through the front door and look up-the James Turrell-inspired skylight with hidden LED lighting transforms the entryway into a gallery of light. Natural wood, warm tile, and pops of color greet you as you walk through the house. The original solid oak floors were lovingly refinished to their natural state, and additional wood elements like the custom shelves in the living and kitchen provide space to display what's important. Natural light pours into the living room through a dramatic picture window and multiple skylights, while new windows throughout the home enhance energy efficiency and deliver crystal-clear views.
The kitchen blends modern European-style cabinets with the earthy tones of Mexican saltillo tile. At its center, a 36" Forno professional-grade gas range with six burners and a removable griddle is paired with a seamless integrated range hood.
Just off the kitchen, the breakfast nook doubles as a cozy hideaway. Built-in cabinets with hidden storage beneath create a bench-style seat that begs for pillows, a book, and views of the towering live oaks that shade the backyard. For entertaining, the adjacent dining room features a built-in bar with a 26-bottle refrigerator.
The home offers a spacious primary bedroom with an en suite showcasing stunning tile work, ample closet space, and a moody, private water closet you'll never want to leave. The guest bathroom highlights hand-crafted Moroccan Zellige tile and a vanity with plenty of storage.
The yard has been refreshed with Texas native plants, new grass, and custom steel edging. The spacious, fenced backyard features a large covered patio and abundant space to entertain.
Ask your realtor for the full list of updates.
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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 |
|---|---|---|---|
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$635,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Sep 26, 2025 | Listed by Keller Williams Realty | $640,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017