3339 Balsam DRIVE
About This Property
Did we say turn-key? This home has been meticulously cared for and it shows! The recent updates are as follows: New roof placed in 2019, A/C replaced in 2018, Kitchen remodel completed in 2021, Master bathroom remodeled in 2019, Waterproof laminate wood floors installed in 2019, Patio screen/ door replaced in 2021, Blackout blinds in all three bedrooms installed in 2021, brand new Honeywell thermostat installed two months ago, water back flow system installed in 2019, interior painted in 2019, exterior painted two months ago, Nano Air Filtration system installed in 2020, air ducts were professionally cleaned in 2019, motion sensors above the garage door and two on the back side of the house within the last two years. Updated shelving added to the master bedroom, guest bedroom, and pantry as well as the custom shelving units in the garage were placed within the last two years, new electrical outlets were recently placed professionally in the garage ceiling for the garage door opener and behind the dryer. New river rocks placed at front door entry way were also placed within the past two years. All that's missing is the new owner! Don't walk, RUN! This home won't last long!
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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 |
|---|---|---|---|
| Jul 26, 2022 | Sold | ||
| Sold | |||
| Jun 16, 2022 | Listed by RE/MAX RESULTS REAL ESTATE | $398,000 | |
| Listed by RE/MAX RESULTS REAL ESTATE | |||
| Nov 14, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2019 | No longer available | - | |
| No longer available | |||
| Sep 12, 2019 | Listed by RE/MAX RESULTS REAL ESTATE | $259,900 | |
| Listed by RE/MAX RESULTS REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017