5618 Cerritos Drive
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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 29, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Relisted | $339,999 | |
| Relisted | |||
| Mar 2, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Listed by Keller Williams Memorial | $339,999 | |
| Listed by Keller Williams Memorial | |||
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Experience the ideal blend of style & comfort in this charming Westbury home! Set on a sprawling 10,275 sqft lot, this ranch-style gem showcases a functional layout w/ 3 BRs, 2 BTs, formal dining & a dedicated study. A light-filled haven awaits in the open living area w/ wood floors & French doors that lead to the outdoor oasis. The chef's kitchen is equipped w/ butcher block countertops, SS appliances, a built-in vent hood, a breakfast bar & ample room for seating. Relaxation abounds in the primary retreat w/ a walk-in closet & a refreshing bath fitted w/ dual sink vanities & an alcove tub & shower. The vast, fully fenced backyard is a verdant sanctuary w/ lush mature trees & an expansive covered patio—perfect for alfresco dining! Find abundant parking & storage options w/ a two-car garage & a utility room. A desirable location w/ a community pool, serene lakes, green belts, plus excellent proximity to the Willow Waterhole Park & Dr Shannon Walker Library! Never flooded, per seller.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017