4326 Black Locust Drive
About This Property
This home has good bones and does need some updating. Tons of built in storage and solid wood cabinets. Formal living room and formal dining room plus a large breakfast room. Several opportunities to make a home office or game room. Spacious primary suite with large en suite bathroom.
This well established community in the Greater Inwood area boasts mature trees, close-by green spaces and a recreation area with pool and playground. Only flooded once, in 2001 with TS Allison and no flooding since Vogel Creek was widened. Just 12 miles to Downtown plus easy access to I45 610, 249, 290 and Bltwy 8.
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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 |
|---|---|---|---|
| Feb 2, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2023 | Listed by Dennie Hodge | $245,000 | |
| Listed by Dennie Hodge | |||
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Fantastic opportunity to make this 4 bedroom house the home you have always dreamed of.
This home has good bones and does need some updating. Tons of built in storage and solid wood cabinets. Formal living room and formal dining room plus a large breakfast room. Several opportunities to make a home office or game room. Spacious primary suite with large en suite bathroom.
This well established community in the Greater Inwood area boasts mature trees, close-by green spaces and a recreation area with pool and playground. Only flooded once, in 2001 with TS Allison and no flooding since Vogel Creek was widened. Just 12 miles to Downtown plus easy access to I45 610, 249, 290 and Bltwy 8.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017