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629 Shimek LN
About This Property
The bedrooms are carpeted with ceiling fans and recessed lighting. The primary has a high ceiling and a walk-in closet. Blinds on all windows throughout. The primary bathroom has a double vanity, stone counters, soaking tubs, and vinyl floors. The back yard is private with a covered porch off the back of the house, a concrete patio, and a deck, plus a freestanding wooden pergola to sit under. The neighborhood has a clubhouse, park, and playground, and the association manages an outdoor in-ground pool.
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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 |
|---|---|---|---|
| Oct 30, 2026 | Relisted | $269,000 | |
| Relisted | |||
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Oct 8, 2026 | Price Decreased |
$269,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Hippo Realty, LLC | $275,000 | |
| Listed by Hippo Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017