7221 Otis
About This Property
The home features a functional layout with well-sized bedrooms and a spacious bathroom. The property offers a long driveway providing ample off-street parking, as well as a fenced yard with mature fruit trees.
The garage has been converted into additional living space and is currently being used as rental quarters. Buyer to verify all permits, usage, and square footage to their satisfaction.
Ideal for owner-occupants or investors seeking a property with income potential. Don't miss this opportunity!
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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 |
|---|---|---|---|
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| May 2, 2026 | Relisted | $625,000 | |
| Relisted | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Elite Homes Realty | $625,000 | |
| Listed by Elite Homes Realty | |||
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About Cudahy
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017