5734 Burlinghall Drive
About This Property
Why rent if you can own? Monthly payment $972 (+Tax & Insurance). with good credit, 2.9% interest, 20% down. House has many updates (See detailed list in attachment) including:New bathroom vanities, new paint, refinished wood floor, new tile floors, energy efficient windows with lifetime warranty, crown molding, new fans in all bedrooms, granite countertops in the kitchen with new G.E. gas range & dishwasher, radiant attic barrier, sprinkler system, french doors, refurbished patio & large fully fenced backyard with plenty of space for a pool. Backyard is the perfect place to escape to & relax. House within close proximity to the Medical Center, Downtown, 610, HWY 90 & Galleria. Per seller house did not flood.
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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%.
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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 |
|---|---|---|---|
| Nov 4, 2020 | Sold | ||
| Sold | |||
| Apr 24, 2020 | Listed by Keller Williams Realty | $292,000 | |
| Listed by Keller Williams Realty | |||
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This ready-to-move-in house is great for first time home buyers. Located OUTSIDE the Special Flood Hazard Area - Zone-X. As of 9/8/2020, there are only 7 active listings out of 17, including this listing, located in Westbury Sec 03, that are not in a Special Flood Hazard Area!!!
Why rent if you can own? Monthly payment $972 (+Tax & Insurance). with good credit, 2.9% interest, 20% down. House has many updates (See detailed list in attachment) including:New bathroom vanities, new paint, refinished wood floor, new tile floors, energy efficient windows with lifetime warranty, crown molding, new fans in all bedrooms, granite countertops in the kitchen with new G.E. gas range & dishwasher, radiant attic barrier, sprinkler system, french doors, refurbished patio & large fully fenced backyard with plenty of space for a pool. Backyard is the perfect place to escape to & relax. House within close proximity to the Medical Center, Downtown, 610, HWY 90 & Galleria. Per seller house did not flood.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017