38327 HAMRICH DRIVE
About This Property
With 2,460 square feet, this two-story layout features a highly desirable floor plan, including a primary suite on the first floor along with additional living space and bedrooms upstairs-ideal for separation, flexibility, or hosting guests. The home offers a clean and open canvas for the next owner to personalize and make it their own.
Step outside and enjoy the quiet surroundings from the wrap-around porch, perfect for morning coffee or unwinding in the evenings. The property also includes a large garage/workshop-ideal for storing vehicles, equipment, or creating your own workspace.
Recent updates include a brand new HVAC system, giving peace of mind to the next owner. With no immediate neighbors and plenty of usable land, this property is perfect for those seeking space, privacy, and a more relaxed lifestyle-while still being within reach of nearby conveniences.
Whether you're looking to settle into country living, need room for your hobbies, or want a property with long-term potential, this one checks all the boxes.
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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 10, 2026 | Price Decreased |
$469,900
↓ $30K
(6%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$550,000
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by REAL BROKER, LLC | $600,000 | |
| Listed by REAL BROKER, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017