4020 ERNEST Street
About This Property
Eligible for a rent to own option.
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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 |
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| Oct 14, 2025 | Listed | $175,000 | |
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Some updates have been done in the past couple of years. Asbestos siding, original wood floors.
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| Sep 29, 2025 | Listed | $222,000 | |
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Old Vintage Charm!! this home is perfect for an easy to use house for someone who wants to live in a quiet but fashionable neighborhood that has no HOA. Parks nearby, easy access to the 10 freeway and the South Edgewood old fashion shopping area. Not far from St. Vincent's Hospital. Easy access to Roosevelt Blv. Priced to sell fast. New construction is being built on the same street because area is in an upward moving improvement.
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| May 31, 2024 | Sold | ||
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| May 27, 2024 | In contract | - | |
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| Mar 6, 2024 | Listed by HERRON REAL ESTATE LLC | $199,900 | |
| Listed by HERRON REAL ESTATE LLC | |||
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Calling all investors and cash buyers! This Murray Hill bungalow is your ticket to real estate success. Whether you're flipping or holding for rental income, this property is primed for profit. Embrace the potential of this fixer-upper and secure your slice of the market today! ALL REASONABLE OFFERS WILL BE CONSIDERED.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017