7940 NW 9th Street
About This Property
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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 |
|---|---|---|---|
| Nov 14, 2025 | Listed | $565,000 | |
| Listed | |||
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Investor Opportunity – Spacious 4Bed/2Bath single-family home with large backyard, 2-car garage, and remodeled master bath. Modern comfort includes 2021 AC, 2023 water heater (both under warranty), solar panels (no electric bill), impact garage door, and natural well for sprinklers. Flat roof being replaced. No HOA. Leased until 09/26/2026 for $4,000/month - Tenant in place since 2023. Buyer to verify all details. Neither the seller nor the listing agent assumes any responsibility for errors or omissions.
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| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
| Jun 15, 2023 | Listed | $540,000 | |
| Listed | |||
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Back to the Market!!! Single-family home with 4 bedrooms, 2 bathrooms, a huge backyard, and a two-car garage, it is a haven of comfort and style. Remodeled master bathroom, it offers a modern and sophisticated living experience while providing ample space for your family's needs. AC unit 2021 / Water Heater 2023 (both are under warranty) The roof is 2006 (as per the last inspection on 2022 remains 7 years). The property has solar panels for the entire house, no electric bill, the garage has an impact door. The sprinkler water comes from a natural well! NO homeowner association fee. Don't miss it !!!
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| Sep 29, 2020 | Sold | ||
| Sold | |||
| Jul 15, 2020 | Listed by Keller Williams Realty Service | $349,900 | |
| Listed by Keller Williams Realty Service | |||
Property Highlights
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About Margate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017