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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.
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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 |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| Jun 8, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Listed | $770,000 | |
| Listed | |||
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Former model home with a finished basement complete with large wetbar which includes a dishwasher and bar refrigerator! The backyard is amazing offering a tranquil spot to relax with lush, mature landscaping and privacy you won't find in many homes - a great place to unwind at the end of the day. Enjoy your favorite beverage on the covered front porch and watch the sunrise. Main floor office overlooks the front yard and is nice and light. Main floor formal dining area is spacious and accommodates a large table and buffet. The kitchen has quartz counter tops, deep single basin sink, double ovens, pot filler, 5-burner gas cooktop - it's an entertainer's dream! Plantation shutters offer a custom look for the windows throughout the home. Each bedroom has its own private bath and spacious oversized closets. The primary suite has two large closets - his and hers - so much storage space in this home! Five piece primary bath with quartz counter tops, large soaking tub and spacious shower; bedroom is separate from the other bedroom on the main floor for extra privacy. Gas fireplace in the great room and ceiling fans offer comfort throughout the year. Basement flex room (noted as family room) would be the perfect spot for a home theatre. Lots of room in the basement for entertaining, pool table and game areas! Furnace and AC have been serviced annually, new programmable thermostat, new exterior paint in 2022, prewire for security, active radon system, new carpeting in main floor bedrooms and study, newer interior paint - this home will not disappoint! Garage is 781 sqft which allows for storage of lots of toys or workshop area. This was one of DR Horton's most popular ranch plans and you'll see the great livability when you view this home. Neighborhood park area is just around the corner - a great place to walk the dog or play with kids. One year home warranty included with purchase. No separate HOA - all information on the neighborhood can be viewed at www.swtmd.com.
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| Dec 23, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017