21
Map
3635 Emerald Drive
About This Property
The improvements go far beyond cosmetic updates! Major upgrades include a new roof, HVAC system, electrical wiring and panel, windows, water heater, insulation, driveway, and fencing. Foundation repairs have also been completed with a transferable warranty. Additional features include luxury vinyl plank flooring, a one-car garage, and a spacious backyard with a concrete patio, perfect for entertaining. Conveniently located near I-30, shopping, and dining. No HOA!
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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 |
|---|---|---|---|
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Listed by Monument Realty | $269,000 | |
| Listed by Monument Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017