508 E Mcdevitt Avenue
About This Property
Step inside to find a warm and inviting living space featuring several upgrades throughout. Recent updates include updated windows, ensuring plenty of natural light and energy efficiency. Stay comfortable year-round with the addition of a mini split system (2024), providing both heating and cooling options. The electrical system has also been updated (2024). Enjoy added privacy and security with the new privacy fence that surrounds the property, perfect for outdoor gatherings or simply relaxing in your 3-season room or backyard . The hot water heater has been upgraded (2025), and the stove also (2024). This move-in-ready, low-maintenance home is a perfect fit for anyone looking to enjoy both comfort and convenience.
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | In contract | - | |
| In contract | |||
| Jan 11, 2025 | Listed by HOWARD HANNA REAL ESTATE SERVI | $120,000 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
| Jul 13, 2022 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by HOWARD HANNA REAL ESTATE SERVI | $119,900 | |
| Listed by HOWARD HANNA REAL ESTATE SERVI | |||
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OFFERS RECEIVED. Highest and best due 7pm Sunday 5/29/22. With quick access to anything you need, and cozy charm throughout this great home has been fully renovated recently and loved much by the current owner! With the most recent update being the windows, so there is nothing left to do here but move right in and enjoy this cute little bungalow in Summit Township. Enjoy summer nights entertaining in the three sesons room! Immediate occupancy, with all loan types welcome!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017