8405 Auburn Drive
About This Property
This stunning 3-bedroom, 2-bath home has been thoughtfully rebuilt with modern living in mind. Enjoy peace of mind with a brand-new foundation (transferable warranty), new roof, PEX plumbing, and new electrical, HVAC, and everything in between! The open floor plan features a bright, airy living space perfect for entertaining, along with a sleek kitchen showcasing contemporary finishes. You will love the focal point of the living room being the floor to ceiling marbled fireplace. The private upstairs primary suite boasts a spacious walk-in closet and a luxurious en-suite bath. The backyard is also spacious enough for those summer gatherings with the family. New appliances will be installed prior to closing
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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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by Monument Realty | $270,000 | |
| Listed by Monument Realty | |||
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 15, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Listed by Whiterock SFR, LLC | $170,000 | |
| Listed by Whiterock SFR, LLC | |||
| | |||
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Exciting investor opportunity! Priced for CASH ONLY, AS-IS sale. Demolition has been done. This home is down to the studs and ready for your design ideas! Seller will not accept blind offers - please follow offer instructions in Transaction Desk.
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About Southgate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017