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4311 SE Derbyshire Trace SE
About This Property
Welcome home to this beautifully updated property with NO HOA, offering the perfect opportunity for first-time homebuyers or savvy investors! Fresh updates throughout the homes make it truly move-in ready, including new interior paint in every room, a freshly painted front porch, freshly painted exterior doors and door frames, stylish new lighting fixtures, dimmable lighting in the living room, new flooring, new baseboards, and a new electrical panel. Designed for both functionality and everyday living, the home features a walk-in pantry, a dedicated laundry room, and a walk-in closet in the primary bedroom, providing convenient storage and organization. The seller has also had the septic system professionally cleaned approximately two years ago, offering added peace of mind. Conveniently located just 15 minutes from Arabia Mountain, you'll enjoy easy access to scenic hiking trails, nature preserves, and outdoor recreation, while also being close to shopping, restaurants, schools, parks, and major roadways. Whether you're looking for your first home, a low-maintenance investment property, or a place to make your own, this updated home offers outstanding value and endless potential. Don't miss your chance to make it yours-schedule your showing today! Don't miss this opportunity to explore everything this property has to offer and envision yourself living here. We look forward to seeing you!
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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 |
|---|---|---|---|
| Nov 5, 2026 | Relisted | $240,000 | |
| Relisted | |||
| Oct 31, 2026 | In contract | - | |
| In contract | |||
| Oct 27, 2026 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Aug 28, 2026 | Listed by Keller Williams Realty Atl Partners | $249,999 | |
| Listed by Keller Williams Realty Atl Partners | |||
| Dec 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017