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109 Enchanted Drive
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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 28, 2026 | Listed by Allie Beth Allman & Associates | $499,999 | |
| Listed by Allie Beth Allman & Associates | |||
| Sep 24, 2026 | No longer available | - | |
| No longer available | |||
| Apr 28, 2026 | Listed by Allie Beth Allman & Associates | $499,999 | |
| Listed by Allie Beth Allman & Associates | |||
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Beautifully updated 4-bedroom home on a spacious 0.504-acre corner lot in the lakeside community of Enchanted Oaks, offering 2,842 square feet of comfortable living surrounded by mature trees and peaceful surroundings. Welcome to 109 Enchanted Drive, where charming white brick with bold black trim creates standout curb appeal and a warm first impression. Inside, luxury vinyl plank flooring flows throughout the main living areas, complemented by a light-filled living room with vaulted ceilings, a brick fireplace with wood mantle, and custom built-in shelving and cabinetry. Large glass doors open to the patio, creating a seamless indoor-outdoor connection ideal for entertaining or relaxing. The kitchen features granite countertops, ample cabinetry, and an open layout to the dining area, with direct access to the patio for easy everyday living. The primary suite offers private patio access and a fully updated bath complete with a freestanding soaking tub, glass-enclosed shower with rain showerhead and body sprays, and dual-sink vanity with quartz countertops. Three additional bedrooms provide flexibility for guests, family, or office space. Upstairs, a large gameroom with an oversized walk-in closet or storage area offers versatility and could easily function as a fifth bedroom. Laundry room includes built-in cabinetry for added convenience and organization. Outside, enjoy the expansive backyard with plenty of room to entertain, play, or simply take in the natural setting. Located near Cedar Creek Lake, Enchanted Oaks offers a relaxed lifestyle with access to boating, fishing, and scenic surroundings, all within a short drive to shopping and dining. This property combines space, updates, and location into one exceptional opportunity.
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| Sep 10, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 22, 2025 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017