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3311 Somerset Drive
About This Property
2022: Gut renovation with open concept living, including - new luxury vinyl flooring; new kitchen cabinets, appliances, granite countertops; new energy-efficient windows; primary bath brand new cabinets, walk-in shower, tiling and flooring; new HVAC units; new insulation blown into attic; new front yard sprinkler system installed; new plumbing clean-outs and main drain line from house to city line; new lighting fixtures; new doors
2025: New roof installation; new gutters
2026: New carpet in all bedrooms; new pex pipe in garage from hot water heater to washing machine; new garage ceiling; new front yard landscaping
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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 |
|---|---|---|---|
| Jul 28, 2026 | No longer available | - | |
| No longer available | |||
| Jul 11, 2026 | Price Decreased |
$359,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Hightower REALTORS | $365,000 | |
| Listed by Hightower REALTORS | |||
| May 11, 2022 | Sold | ||
| Sold | |||
| Apr 15, 2022 | Listed by Ebby Halliday, REALTORS | $325,000 | |
| Listed by Ebby Halliday, REALTORS | |||
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Woodland West, Completely redone, 4 bedroom, 2 bath home. This home is now on the market!!! Just replaced....Flooring, Appliances, HVAC and Heater, Windows and Doors. Water Heater is approx 3 years old. This home has been repainted inside and out. Electrical outlets, plumbing fixtures and bathrooms have been updated, as well as Kitchen Cabinets along with granite counter tops. Fireplace has a gas starter. This home is within walking distance to Duff Elementary. Don't miss this incredible opportunity.
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About West Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017