508 Monroe Street
About This Property
Tucked at the end of a quiet dead-end street in the peaceful town of Thayer, this charming 3-bedroom, 2-bath home offers comfort, space, and beautiful scenery. A rare find sitting on just over half an acre, on a double lot within city limits. With approximately 1,400 sq ft, this home features an open living, dining, and kitchen layout, brand-new flooring with fresh paint throughout, new HVAC system and an updated kitchen ready for everyday living. The attached 30x15 garage and additional carport provide excellent parking and storage options. Step outside to a fenced-in backyard with a covered patio where you can relax and take in the gorgeous valley views or tend to your growing garden. Conveniently located near local schools, churches, businesses, and with easy highway access, this home offers the perfect blend of peaceful living and convenience. Plenty of room for a growing family to settle in and make lasting memories. Schedule a showing today!
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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 |
|---|---|---|---|
| May 21, 2026 | No longer available | - | |
| No longer available | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Price Decreased |
$189,900
↓ $7K
(3.6%) | |
| Price Decreased | |||
| Mar 27, 2026 | Price Increased |
$197,000
↑ $17K
(9.5%) | |
| Price Increased | |||
| Apr 20, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017