1564 BACKWATER Drive
About This Property
Clean lines meet everyday functionality in an open-concept living area anchored by a cozy wood-burning fireplace. The well-appointed kitchen features dual ovens, filtered-water options and plenty of counter space- ideal for weeknight dinners or game night hosting.
The spacious primary suite boasts an upgraded shower, while a covered rear patio extends your living space outdoors. Wake up to deer grazing along your private, fenced backyard overlooking a lush nature preserve.
Major upgrades done for you: Widened Driveway, New roof (2019) , Serviced HVAC, LVP flooring, Solar panels, Double oven, SS appliances, Washer & dryer included -- that's instant savings from day one.
This home isn't just move-in ready. It's live-your-best-life ready. Seller is motivated to make this home yours!
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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 |
|---|---|---|---|
| May 18, 2026 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$360,000
↓ $15K
(4%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Feb 10, 2026 | Listed by HERRON REAL ESTATE LLC | $385,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
| May 31, 2023 | Sold | ||
| Sold | |||
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About Clay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017