5625 BURNING TREE Drive
About This Property
The living room boasts soaring high ceilings with a decorative archway seamlessly connecting the dining and kitchen areas which include an island, stainless-steel refrigerator and other modern appliances. A sliding glass door provides easy access to the backyard, and a small pantry ensures your essentials stay organized.
The master suite serves as a private oasis. This ¾ Bath is complete with a walk-in shower, his-and-her sinks, and walk-in closet.
The two-car garage provides storage, a utility sink, and a laundry area conveniently tucked away to maximize interior space. Tile floors throughout the home.
The covered brick patio, adorned with charming lattice and an arbor, raised flower beds, mature trees, and a stone wall ensure privacy and create a serene outdoor setting.
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2024 | In contract | - | |
| In contract | |||
| Dec 9, 2024 | Listed by RE/MAX Real Estate Experts Group CLOSED | $250,000 | |
| Listed by RE/MAX Real Estate Experts Group CLOSED | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017