113 Mckinley 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%.
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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.
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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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Feb 18, 2025 | Listed by Douglas Elliman Real Estate | $419,000 | |
| Listed by Douglas Elliman Real Estate | |||
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This charming ranch is the perfect picture of affordability. Super low taxes, updated from top to bottom and wonderfully located on a corner lot in a quiet section of Mastic Beach - surrounded by nature and adjacent to a lot that will never be built upon. Less than a half mile from Narrow Bay, Marina 1 and new “snack bar” featuring waterfront dining and a diverse menu. Less than a mile from William Floyd Estate and nature preserve. Approx 1 mile from Brookhaven Town's planned and approved Neighborhood Rd revitalization project, set to begin construction soon! This house is already raised and comes with an elevation certificate and an affordable and fully transferable flood insurance policy. Brand new solar panels that are fully owned with permits, and a brand new ductless AC/heating unit for maximum efficiency. Electric bills under 30 dollars most months! Tankless hot water on demand, plus a brand new IA septic tank/system with COs in place for total peace of mind. Extra "flex" room with laundry is spacious and could be converted to a 3rd bedroom. In this price range, this one has it all. Salt life enthusiasts: just bring your toothbrush, your fishing rod and/or your surf board and move right in.
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| Dec 9, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017