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3974 Walnut Avenue
About This Property
The spacious living room is light filled and features gleaming hardwood floors, wood burning fireplace and crown moldings. The formal dining area leads to a family room that accommodates a grand piano and entertaining area. Open kitchen features built-in display shelves , classic white glass fronted cabinetry, granite counters and stainless steel appliances. The back of the home has 3 sets of french doors that lead to the 350 square foot covered patio with gas burning fireplace. All bedrooms are spacious with extra deep closets. Hall bathroom has been recently remodeled with white subway tile walls and gray quartz counters. The 330 square feet master suite has french doors leading to rear yard, a large walk-in closet and master bath with dual sinks and frameless glass shower. The rear yard is lush and private with tall sheltering hedges and tropical foliage. A serene fish pond and waterfall punctuates the oasis. This home is in pride-of-ownership condition and will surely sell very fast.
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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 |
|---|---|---|---|
| Nov 5, 2019 | Sold | ||
| Sold | |||
| Sep 10, 2019 | Listed by Re/Max R. E. Specialists | $869,000 | |
| Listed by Re/Max R. E. Specialists | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017