721 Alder Drive
About This Property
Step outside and you'll fall in love with the large back yard, complete with an extended patio that's perfect for relaxing evenings, weekend BBQs, or entertaining friends and family. Inside, you'll find bright, airy living spaces and a functional kitchen that makes everyday living a breeze.
Located close to schools, shopping, and major highways, this home combines small-town charm with easy access to the city. Whether you're looking for your first home or a place to downsize without compromising on space, this property checks all the boxes.
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Cap Rate Calculator
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 14, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Oct 6, 2025 | Price Decreased |
$308,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Sep 3, 2025 | Price Decreased |
$318,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed by Easy Life Realty | $328,000 | |
| Listed by Easy Life Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017