722 Madrone Way
About This Property
The bright white exterior, black trim, and dark wood accents create a welcoming first impression. Inside, dark flooring grounds the black and white kitchen, where an L-shaped island gives everyone a place to pull up a seat, share snacks, or keep the cook company. A Z-Line 6 burner gas range and corner walk-in pantry make everything from weeknight dinners to holiday hosting feel right at home. The connected kitchen and living spaces keep conversations flowing, while the split-bedroom layout provides separation when it's time to unwind.
Just off the main living area, the additional room offers flexibility for the life you're building. Set up your home office, create a playroom or homeschool space, bring out the exercise equipment, or make it a dedicated dining room for gathering around the table.
Outside, the fully fenced backyard is a blank canvas for your vision. Imagine raised garden beds, a play area, or an outdoor gathering space designed around how you love to spend your weekends. The covered back patio gives you a place to enjoy it all, from dinner outside to a quiet moment at the end of the day. Set along a newly developed street of stick built homes, 722 Madrone brings modern farmhouse style to a growing Paradise neighborhood.
Thoughtful construction includes wildfire-resistant features such as a 5-foot noncombustible perimeter, Class A fire-rated roofing, ember-resistant Vulcan vents, fiber cement siding, noncombustible gutters and downspouts, enclosed eaves and soffits, metal gutter guards, dual pane tempered windows, and fire-resistant exterior doors. With flexible living space inside and room to create outside, this home is ready for your next chapter.
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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 16, 2026 | Listed by Connect Real Estate Group | $533,000 | |
| Listed by Connect Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017