42
Map
7969 SOMERSET DRIVE
About This Property
*This home is a Certified Pre-Owned Home™. Each certified pre-owned home is thoroughly pre-inspected by a licensed home inspector before being placed on the market. A detailed copy of the inspection report will be provided for your review before you make a purchase.*
*When you purchase your new Certified Pre-Owned Home, you will also receive two company-backed warranties: a 12-Month Limited Home Warranty and an exclusive 24-Month Buy-Back Guarantee. If you are not satisfied with your home purchase, we will buy it back or sell it for free.*
*Warranty, inspection, and program conditions apply. Please call for additional details and a copy of the inspection report. The home warranty is limited to eligible components and structural items.*
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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 4, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Price Decreased |
$485,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$494,991
↓ $9
(0%) | |
| Price Decreased | |||
| Jul 25, 2026 | Relisted | $495,000 | |
| Relisted | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017