6807 WATERFALL PASS
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 |
|---|---|---|---|
| Jan 29, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Jan 10, 2026 | Listed by Inspired Brokerage, LLC | $89,900 | |
| Listed by Inspired Brokerage, LLC | |||
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This 2-bedroom, 1-bath home with a 1-car garage is a true diamond in the rough, packed with upside for the right buyer. With the right vision and light to moderate renovation, this property can be transformed into a highly desirable starter home, cash-flowing rental, or profitable fix-and-flip. The layout offers strong bones and a cozy footprint that is perfect for today's rental and resale market. Whether you are an experienced investor or a hands-on homeowner, this is a blank canvas ready for updates. Low property taxes.
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| Sep 16, 2005 | Sold | ||
| Sold | |||
| Jul 12, 2005 | Listed by Best Homes GMAC Real Estate | $71,000 | |
| Listed by Best Homes GMAC Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017