3550 Leonard Street
About This Property
Wonderful 2-bedroom, 1- bath ranch situated on a corner lot with beautifully fenced front and backyards offering privacy and charm. Mature bushes along the lot line create a peaceful backyard setting, complemented by lovely perennial landscaping. Inside, you'll find a neat, clean, move-in-ready home featuring a spacious open kitchen with eating area and a cozy family room with fireplace. The full basement offers excellent potential for additional flex space, recreation room, workout area, or hobby space. Additional features include an attached 2-car garage and a convenient location close to schools and major highways for easy commuting. Laundry is currently located in the 2nd bedroom for main-floor convenience, with hookups still available in the basement if preferred. A well-maintained home with comfort, potential, and a great location
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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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $215,000 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
| Oct 26, 2015 | Sold | ||
| Sold | |||
| Aug 11, 2015 | Listed by Berkshire Hathaway HomeServices Michigan Real Estate | $121,900 | |
| Listed by Berkshire Hathaway HomeServices Michigan Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017