509 Madrone Avenue
About This Property
Owner has updated and upgraded the home including a built-in bookshelf in the hall, family room offers a great place for additional living space. Additional detached garage that has been converted to a sound proof music studio, which could be used as an office or craft room.
The large yard has beautiful perennial drought tolerant beds, raised garden beds and a drought tolerant meadow mix of grasses and mowable ground cover. The huge deck is a great outdoor living space with room for the whole crew which has been lovingly maintained. The owners have had the trees professionally maintained and there is even a chicken coop with chickens if you'd like them!
RV Access on the side of front garage, don't miss this special home.
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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 11, 2017 | Sold | ||
| Sold | |||
| Apr 5, 2017 | Listed by Becky Prater Real Estate | $320,000 | |
| Listed by Becky Prater Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017