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4591 Scarlet Drive
About This Property
Inside, you'll find an open-concept layout with hard surface flooring throughout the main living areas and carpet in all bedrooms. This home offers 3 generously sized bedrooms plus a versatile bonus room-perfect for a home office, playroom, or guest space. The split floor plan provides added privacy, while the formal dining room and a roomy breakfast nook offer flexible dining options. Vaulted ceilings enhance the sense of space and light in the main living areas. The kitchen is equipped with a gas stove, ideal for cooking enthusiasts, and the home is serviced by natural gas. Step outside to enjoy a fully fenced backyard, ideal for pets, play, or weekend relaxation. Roof replaced in 2021
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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 |
|---|---|---|---|
| Nov 19, 2025 | Price Decreased |
$347,500
↓ $28K
(7.3%) | |
| Price Decreased | |||
| Aug 3, 2025 | Listed by Bastion Realty LLC | $375,000 | |
| Listed by Bastion Realty LLC | |||
| Mar 27, 2023 | Sold | ||
| Sold | |||
| Mar 8, 2023 | No longer available | - | |
| No longer available | |||
| Feb 15, 2023 | Relisted | $339,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017