405 E Grayson Street
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 |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Listed by C-21 DEAN GILBERT, REALTORS | $179,000 | |
| Listed by C-21 DEAN GILBERT, REALTORS | |||
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Sep 15, 2023 | Listed by Fathom Realty | $159,000 | |
| Listed by Fathom Realty | |||
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ZERO DOWN USDA LOAN ELIGIBLE AREA Looking to escape the hustle and bustle of the city and enjoy small town living? This home is just waiting for you! This 2 bedroom 1 bath home sits on a double lot on a dead end street in the small community of Leonard. The home has many recent updates to include an open floor plan, fresh paint and new flooring throughout, updated hardware on doors and cabinets, new backsplash in kitchen, custom shelves added in bathroom and off the laundry room; could be used as a pantry, all new window blinds and 2 new mini-split heating and cooling units for efficiency. On the outside of the home you will find new cedar steps at front and side entrance, new cedar accents on the front porch, and the roof was replaced in 2022. Leonard is located just 30 minutes from McKinney, Sherman, and Greenville. This is small town living with the conveniences of the city nearby. Schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017