7359 Correspondence Drive
About This Property
Step inside to find a bright and open layout featuring granite countertops and tile flooring throughout the kitchen and living room, creating a clean and modern feel. The home includes a built-in office on the first floor, complete with its own separate entry-ideal for remote work, a studio, or guest accessibility.
Upstairs, you'll find the conveniently located laundry room tucked into a private inside-corner space for added practicality and ease.
Carpeting in the Bedrooms, hallway, and staircase flooring has been removed - giving buyers the opportunity to choose their own flooring or request a flooring credit!
The expansive lot is a true outdoor retreat. Enjoy a generously sized backyard featuring a covered patio, a charming fountain, and a pergola with a built-in fireplace-perfect for entertaining, relaxing, or enjoying warm Southern California evenings.
Located in a secure gated community and close to shopping, dining, and top-rated schools, this home offers exceptional value and lifestyle.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Listed by REALTY WORLD ALL STARS | $797,900 | |
| Listed by REALTY WORLD ALL STARS | |||
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About Terra Vista
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017