5428 BUNCHE Drive
About This Property
This solid 3-bedroom, 1-bath concrete block home in Magnolia Gardens delivers both comfort and opportunity. Featuring 900 sq ft of refreshed living space, it's been updated with new flooring and interior paint-ready for its next chapter. The 0.17-acre lot offers plenty of outdoor potential, whether for expansion, a garden, or added parking. With a 2017 roof and a layout designed for easy maintenance, this property is ideal for investors or first-time buyers looking for a rent-ready home in a convenient location. Nearby schools, shopping, and major roadways add to its appeal, making this a smart addition to any portfolio or a practical place to call your own. Vacant and ready for immediate occupancy-schedule your showing today and unlock the potential this Magnolia Gardens property has to offer!
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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 |
|---|---|---|---|
| Jan 20, 2026 | Sold | ||
| Sold | |||
| Jan 6, 2026 | In contract | - | |
| In contract | |||
| Dec 10, 2025 | Price Decreased |
$112,500
↓ $3K
(2.2%) | |
| Price Decreased | |||
| Dec 4, 2025 | Price Decreased |
$115,000
↓ $4K
(3.4%) | |
| Price Decreased | |||
| Nov 19, 2025 | Price Decreased |
$119,000
↓ $1K
(0.8%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017