4239 Drake Street
About This Property
It features a lovely chef's kitchen equipped with Shaker cabinetry, granite countertops and premium Bosch stainless steel appliances. The living & dining areas boast engineered wood flooring & abundant natural light. Outside, cedar fencing surrounds a covered patio and lawn area.
Upstairs, you'll find a master suite with a huge walk-in closet, balcony & an en suite spa bathroom. 2 additional beds, a bath, a laundry room & a private study complete the second floor, and a bed, bath and large secondary living space the third floor. Will be completed in March 2023
See link to virtual tour below
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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 31, 2023 | Sold | ||
| Sold | |||
| Oct 9, 2022 | Listed by Houston Home Realtors | $805,000 | |
| Listed by Houston Home Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017