7421 MINDORO Place
About This Property
Discover the perfect combination of comfortable living and smart investing with this unique property situated on nearly half an acre. The property features 3-bedroom, 2- bath main home along with two finished approximately 500 sq feet apartments, each offering 1 bedroom 1 bedroom and 1 bathroom-ideal for generating rental income.
Whether youre an investor looking to expand your portfolio or a homeowner wanting to offset your monthly mortgage with rental income, this property offers incredible flexibility. Live in the main home while renting out both apartments, or lease all three units to maximize your investment potential.
The opportunities don't end there. The apartment building offers the potential to add two additional second floor units, creating even greater income producing possibilities in the future.
With nearly half an acre of land, multiple living spaces and room to grow, this property is perfect for multi generational living.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$200,000
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$210,000
↓ $10K
(4.5%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$219,950
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$225,000
↓ $25K
(10%) | |
| Price Decreased | |||
| Jun 25, 2026 | Listed by The Right Move Real Estate Gro | $249,950 | |
| Listed by The Right Move Real Estate Gro | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017