7038 Hobby Mill Drive
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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Listed by AEA Realty, LLC | $315,000 | |
| Listed by AEA Realty, LLC | |||
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Welcome to 7038 Hobby Mill Drive! This delightful two-story home features a bright and airy open-concept design, seamlessly blending the spacious living area with a thoughtfully designed kitchen. Enjoy cooking and gathering with loved ones amidst generous countertop space and abundant natural light pouring in through numerous windows, creating a warm and inviting atmosphere. The expansive primary suite serves as a tranquil retreat, boasting a roomy walk-in closet and a private ensuite bathroom for your comfort. Step outside to your serene backyard, perfect for savoring a morning cup of coffee or enjoying peaceful evenings under the stars. Conveniently located near Beltway 8 and Highway 45, you’ll have easy access to all the amenities and attractions the area has to offer. Discover the perfect combination of comfort and convenience at 7038 Hobby Mill Drive—your new home awaits!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017