427 Azalea Lane
About This Property
The layout works great as-is. You've got a nice primary bedroom plus two more rooms that could be whatever you need. Two full bathrooms make life easier for families or renters. The open floor plan flows nicely throughout the main areas, so you can really picture your own style taking over.
But here's the real winner - that outdoor space. It's perfect for BBQs, gardening, or just chilling after work. The backyard gives you tons of room to create your own little paradise or boost the home's value with some landscaping magic.
Location-wise, you're sitting pretty in an established neighborhood. Ursuline Academy is practically next door for great schooling options. Need groceries? Supermercado Monterrey is super close for all your shopping needs. Want some fresh air? War Memorial Park is nearby with green space and community fun.
This place is perfect for investors wanting rental income or buyers looking for an affordable way into homeownership with room to personalize. The manageable size, great location, and renovation potential make it a no-brainer for anyone ready to dive in and create something awesome.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Relisted | $230,000 | |
| Relisted | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Listed by Beary Nice Homes | $240,000 | |
| Listed by Beary Nice Homes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017