4 Teele Drive
About This Property
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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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Listed by Coldwell Banker M&D Good Life | $499,000 | |
| Listed by Coldwell Banker M&D Good Life | |||
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This spacious 4-bedroom, 2-bathroom Hi-Ranch sits on a generous .34-acre lot, offering ample space and potential. This home spans two levels. The lower level boasts a living room, bedroom, and bathroom, with direct access to the yard, providing a seamless indoor-outdoor lifestyle. Upstairs, the large master bedroom is complemented by a Jack and Jill bathroom, offering convenience and privacy. The eat-in kitchen opens to a deck, perfect for barbecues and outdoor dining. The formal dining area flows into the open living room, characterized by vaulted ceilings, creating a grand and inviting space. Two additional bedrooms complete this home, providing plenty of room for guests. While this home needs some work, it presents a fantastic opportunity to create a personalized and comfortable living space in a desirable location. This property also features a spacious 2-car garage, providing ample parking and storage space for vehicles and belongings. Additionally, the private driveway can accommodate 4 or more cars, offering convenience and flexibility for residents and guests. The driveway provides easy access to the garage and ensures plenty of off-street parking, ideal for multiple vehicles. This property presents an excellent opportunity to own a spacious and home without breaking the bank.
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| Mar 25, 2024 | Listed by Coldwell Banker M&D Good Life | $499,000 | |
| Listed by Coldwell Banker M&D Good Life | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017