1211 FLAMINGO DRIVE
About This Property
Recent improvements include a new HVAC system, updated plumbing, new hot water heater, refreshed bathroom fixtures, and new laundry room flooring. Outside, enjoy the water view, mature trees, tranquil surroundings, and the rare opportunity to step directly from your backyard to the water. With direct access to Johnson Pond, this property offers an ideal setting for enjoying kayaking, fishing, boating, or simply relaxing by the water. Peaceful, convenient, and full of potential, this waterfront home combines the comfort of single-level living with the lifestyle appeal of living on the water, all just minutes from downtown Salisbury.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$289,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by Compass | $294,900 | |
| Listed by Compass | |||
| May 24, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017