38 Butternut Grove Place
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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 |
|---|---|---|---|
| Apr 10, 2023 | Sold | ||
| Sold | |||
| Apr 2, 2023 | Listed by Fathom Realty | $425,000 | |
| Listed by Fathom Realty | |||
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Come check out this beautiful 1.5 story on the cul-de-sac! New floors in Nov 2021, new artificial turf in backyard installed in December 2022, new dishwasher & microwave installed 2022. The spacious game room upstairs has a full bath and walk-in closet and could also be used as a 4th bedroom/teenager retreat or in-law suite. Walking distance to the park, splash pad, tennis courts, and the Spring Creek biking and walking trails.
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| Apr 19, 2021 | Sold | ||
| Sold | |||
| Mar 3, 2021 | Listed by Coldwell Banker Realty | $298,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017