416 Capps Street
About This Property
What truly sets this property apart is the separate second home onsite, formerly a bait shop, this 2 bedroom, 1 bath home offers approximately 1,330 Sqft and includes a garage shop area. It features its own address (416 ½ Capps St), its own mailbox, and separate water meter, gas meter, and electric, providing true independence, perfect for multi-generational living, guest accommodations, or rental income!!
Whether you're a first-time buyer looking for flexibility, a household needing space for extended family, or an investor seeking multiple income streams, this property offers options that are increasingly hard to find. Live in one and rent the other, or add a unique asset to your portfolio. A versatile opportunity with long-term potential!
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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 |
|---|---|---|---|
| Jan 9, 2026 | Listed by Agents Of Texas, LLC | $375,000 | |
| Listed by Agents Of Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017