5908 HANOVER AVENUE
About This Property
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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 |
|---|---|---|---|
| Apr 2, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed | $594,000 | |
| Listed | |||
| | |||
|
This home offers a perfect blend of comfort, convenience, and functionality, featuring a 2-way fireplace with built-ins, a kitchen with gas cooking, a pantry, and extra storage. Recent improvements include new lower cabinets in the kitchen, tile flooring in the kitchen and dining area, a water feed line to the kitchen and laundry, a water heater drain from the laundry and kitchen, a new gazebo over the patio in the backyard, a new dryer, a new dishwasher, and a replaced A/C fan motor. The deep backyard, enclosed by a 6-foot privacy fence, is ideal for pets and outdoor activities, and includes a large storage shed and a covered patio with a fire pit. A single-car garage and a four-car driveway provide ample parking, and the home also features generous closets and easy access to an attic that spans the length of the house. Located just a block and a half from Crestwood Elementary School and within walking distance to Brookfield Park and Lake Accotink, this home offers easy access to the Springfield Mixing Bowl and is just a 3-minute drive to Springfield Plaza, where grocery stores, restaurants, and other amenities await. Springfield Mall is only a 10-minute drive away, and the friendly, helpful neighbors add to the appeal of the neighborhood. Hanover is a snow emergency route, ensuring treated and plowed roads during snowy weather, and ample street parking is available for guests.
| |||
| Mar 16, 2025 | Price Increased |
$589,000
↑ $149K
(33.9%) | |
| Price Increased | |||
| Jun 29, 2018 | Sold | ||
| Sold | |||
| Jun 1, 2018 | Listed by Corcoran McEnearney | $429,900 | |
| Listed by Corcoran McEnearney | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017