9409 PAUL DRIVE
About This Property
Recent updates include: The kitchen was fully remodeled in 2024, featuring new flooring, a ceiling fan, and brand-new stainless-steel appliances, including a range, refrigerator, dishwasher, and built-in microwave. A Kohler farmhouse sink and garbage disposal complete this modern culinary space.
The main level also includes two fully remodeled bathrooms, each with new vanities, shower heads, faucet fixtures, and flooring. Throughout the upstairs, you'll find new ceiling fans and lighting fixtures, creating a bright atmosphere.
The home boasts a new HVAC system and water heater, both installed in June 2024, ensuring your comfort and peace of mind for years to come. In 2024, a new storm door was added to the front, along with a new fire-rated garage entry door. The exterior is further enhanced by new lighting fixtures.
Downstairs, the finished basement offers a versatile space for entertainment, space for a home gym, or a quiet retreat, full size washer and dryer and utility sink, complete with new drywall and recessed lighting installed in 2024. The basement bath will require finishing.
While many major updates have been completed, a new owner will have the opportunity to make the home truly their own with some final cosmetic work. This includes some paint and drywall touch-ups, along with the installation of interior doors throughout the home.
Outside, you'll find a spacious deck with a gazebo, perfect for outdoor dining and entertaining.
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Real Broker, LLC | $429,000 | |
| Listed by Real Broker, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017