40679 Mulberry Drive
About This Property
The home features a big front yard, perfect for outdoor activities or personal landscaping projects. Recent upgrades include a new air conditioning system, new house fan, energy-efficient double-pane windows, a new cement driveway, and a beautifully redesigned front yard landscape, adding to its curb appeal.
Practical updates like a new tankless water heater ensure modern efficiency and convenience. This property is also ideally located, just a short walk from a local elementary school, making it a fantastic choice for families with young children.
Move-in ready, this house combines modern amenities with a warm, welcoming design-perfect for creating lasting memories.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 22, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 20, 2024 | Relisted | $410,000 | |
| Relisted | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by WESTCOE REALTORS INC | $410,000 | |
| Listed by WESTCOE REALTORS INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017