1471 Arden Drive
About This Property
Recent 2025 renovations make this home truly move-in ready: all-new kitchen cabinets with fresh tile flooring, refinished hardwoods on the main level and staircase, updated vanity and mirror in the upstairs bath, new carpet on the basement stairs and recreation room, a brand-new roof, fresh deck railing, and enhanced landscaping with new mulch. Outdoors, the peaceful setting is perfect for entertaining or relaxing, and while the community has no HOA, residents have the option to join the neighborhood pool just a few houses away. Conveniently located between Denver and Lincolnton, this home blends everyday accessibility with the comfort of a private retreat.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Price Decreased |
$459,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Nov 1, 2025 | Price Decreased |
$479,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Lake Norman Realty, Inc. | $489,000 | |
| Listed by Lake Norman Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017