38 Hemlock Dr
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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 |
|---|---|---|---|
| Nov 10, 2025 | No longer available | - | |
| No longer available | |||
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by RE/MAX Central | $575,000 | |
| Listed by RE/MAX Central | |||
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Welcome to this beautifully renovated and bursting with upgrades home.Offers an ideal blend of modern comfort and elegance. The spotless interiors feature gleaming wood flooring , a sunlit and stylish kitchen adorned with quartz countertops, center island and amazing cabinets add very inviting touch. The full finished basement presents a fantastic opportunity for expansion perfect for a home theater, bar, game room, or additional living space, complete with Bedroom and full bathroom. Step outside and enjoy beautiful landscaped private entertainer's dream, perfect for summer gatherings. Conveniently situated near major highways,shopping,dining,public transit, and just minutes from the train station. This home truly has it all. Don't miss your chance to own this sparkling gem . Visit today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017