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4615 W POWELL Drive
About This Property
4615 W Powell Dr is a single-story New River single- home built in 2005, set on an 8,661-square-foot lot. The kitchen is appointed with wood cabinetry, granite countertops that provide generous preparation space, and a large center island with a breakfast bar that adds seating and additional workspace alongside the refrigerator, range, and microwave. The open living and dining areas feature vaulted ceilings, ceiling fans for air circulation, built-in shelving for display and storage, and large windows that draw in natural light. The primary bathroom includes a separate glass-enclosed walk-in shower
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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 |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$548,000
↓ $8K
(1.4%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$556,000
↓ $6K
(1.1%) | |
| Price Decreased | |||
| Jul 11, 2026 | Relisted | $562,000 | |
| Relisted | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Listed by Opendoor Brokerage, LLC | $562,000 | |
| Listed by Opendoor Brokerage, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017