12697 PALATKA DRIVE
About This Property
The upgraded kitchen is a true centerpiece-complete with white cabinetry, quartz countertops, and a spacious island that's perfect for entertaining. The master suite includes a generous walk-in closet and split vanities for added convenience.
Enjoy seamless indoor-outdoor living with a pocket sliding glass door that fully opens the great room to a large, covered, and screened lanai-ideal for relaxing or hosting guests.
Additional features include impact windows, smart home technology, and low-maintenance living with lawn care and community amenities included in the low HOA fees.
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Price Decreased |
$460,990
↓ $28K
(5.7%) | |
| Price Decreased | |||
| Feb 2, 2026 | Price Increased |
$488,990
↑ $1K
(0.2%) | |
| Price Increased | |||
| Jan 30, 2026 | Price Increased |
$487,990
↑ $54K
(12.4%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017