498 Hillcrest Road
About This Property
The master bedroom is a true highlight, featuring beautiful custom barn doors, knotty pine walls, a massive walk-in closet with an island, and a private master bathroom with a custom-tiled walk-in shower and a custom vanity with granite countertops. The kitchen is a chef's dream, boasting brand new custom cabinetry, granite countertops, a large island with a gas cooktop, and top-of-the-line appliances that convey with the home. Additionally, the property includes a 1,200 square foot metal-enclosed building, perfect for a workshop, storage, gym, or office, with an attached carport conveniently located next to the home. This property is a must-see! DETITLED
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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 |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Price Decreased |
$249,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Sep 3, 2024 | Price Decreased |
$259,000
↓ $16K
(5.8%) | |
| Price Decreased | |||
| Aug 13, 2024 | Listed by Southern Properties Realty | $275,000 | |
| Listed by Southern Properties Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017