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621 Algerita DR
About This Property
The outdoor living space is a true sanctuary, set on a .17-acre lot shaded by magnificent old oak trees. Whether you are relaxing in the bug-free comfort of the screened-in patio or soaking in the private hot tub, the backyard offers a peaceful retreat fully enclosed by a classic wooden fence. Practicality meets convenience with a sizeable storage shed that complements the attached two-car garage, providing ample space for hobbies and organization.
This home is as smart as it is beautiful, featuring critical high-value upgrades for the discerning buyer. A brand-new saltless water softener provides eco-friendly water conditioning without the hassle of heavy salt bags, protecting your plumbing and appliances for years to come. The exterior is further reinforced with a full-house gutter system and a comprehensive sprinkler system to keep the landscaping lush with minimal effort. In very good condition and ready for its next chapter, this home offers a rare combination of comfort, style, and long-term peace of mind.
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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 19, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Watters International Realty | $360,000 | |
| Listed by Watters International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017