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7522 ALBEMARLE DRIVE
About This Property
Three bedrooms and a full bathroom are located on the main level. The lower level offers a spacious recreation room, an additional bedroom (NTC), a laundry area, and walkout access to a covered deck area.
The private, fenced backyard is ideal for entertaining and features a newer pool and pump (2025), an oversized garage, and French drains. Both electric HVAC units were replaced in May 2025. The home was power washed approximately two weeks ago.
Additional features include hardwood flooring, updated appliances, newer HVAC systems, a newer pool and pump, a fenced yard, large decks, and an oversized garage. This home offers comfortable living space both indoors and out and is ready for its new owner!
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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 28, 2026 | Sold | ||
| Sold | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 29, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $525,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 18, 2020 | No longer available | - | |
| No longer available | |||
| Nov 23, 2020 | Sold | ||
| Sold | |||
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About Loch Lomond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017