7401 CHARLOTTE ST
About This Property
Rarely available corner lot with your very own sports court and flat fenced-in backyard. As you walk into your open concept home featuring LVP flooring, new carpets and fresh paint throughout, the feeling truly redefines living the way it should be. The inviting open kitchen serves as the perfect setting for intimate dining experiences with loved ones or hosting memorable gatherings with friends. The kitchen showcases new stainless steel appliances, quartz countertops and plenty of counter space for you to indulge in your culinary adventures. Your walkout grants effortless access to the fenced-in backyard oasis, enveloping you in serene relaxation. Unwind while savoring the aromas of a grilled feast, lose yourself in a captivating book, or revel in a refreshing beverage, uninterrupted by any distractions. With almost half an acre of outdoor space to enjoy, the property sets the stage for various recreational activities, be it a lively game of football, soccer, or even a half court game of basketball on your personal basketball court. Location is everything, so imagine being in close proximity to major highways, amazing dining and great shopping. The perfect place to call home, while making memories that will last a lifetime!
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 1, 2024 | In contract | - | |
| In contract | |||
| Jun 28, 2024 | Listed by Keller Williams Realty | $599,900 | |
| Listed by Keller Williams Realty | |||
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About Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017