40596 Mulberry 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 |
|---|---|---|---|
| Mar 11, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | In contract | - | |
| In contract | |||
| Dec 17, 2024 | Listed by Vogler Feigen Realty | $459,900 | |
| Listed by Vogler Feigen Realty | |||
| Aug 26, 2024 | Listed | $299,900 | |
| Listed | |||
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Charming Two-Bedroom, Two-Bath Home
This delightful home offers a perfect blend of comfort and style. It features two spacious bedrooms, each with walk-in closets, abundant natural light, and ceiling fans. The formal living room is a cozy space with a fireplace and built-in cabinetry, seamlessly flowing into the dining room with an open-concept design. The kitchen and dining area boast upgraded counters, built-in appliances, and ample cabinet space, making it ideal for both cooking and entertaining.
Additional highlights include a bonus room and an enclosed patio, perfect for gatherings with family and friends. The property sits on an expansive 8,200+ sq. ft. lot, fully fenced in both front and back, offering privacy and potential RV access. The attached two-car garage provides convenience and additional storage.
Don’t miss out on this diamond in the rough—schedule a viewing today!
**NO FINANCING**
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017