1611 Emma Drive
About This Property
The open-concept living, kitchen, and dining areas feature vaulted ceilings, exposed beams, a wood-burning fireplace, and a wall of windows overlooking the water. The fully remodeled kitchen includes a custom island, updated cabinetry, countertops, backsplash, sink, faucet, and stainless steel appliances. The spacious floor plan offers a private downstairs primary suite, three additional en suite guest bedrooms on the main level, and an upstairs game room with a half bath.
Extensive updates include luxury vinyl plank flooring, fresh interior paint, updated lighting, recessed can lights, ceiling fans, and electrical upgrades. Two new HVAC systems were installed in 2024, plus a dedicated unit for the upstairs game room. Additional features include a new sprinkler system, attached two-car garage, and second driveway for extra parking. Offered furnished making this an easy move-in-ready lake getaway!
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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 12, 2026 | Listed by Ebby Halliday Realtors | $848,000 | |
| Listed by Ebby Halliday Realtors | |||
| Oct 11, 2026 | No longer available | - | |
| No longer available | |||
| Jul 29, 2026 | Price Decreased |
$898,000
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$948,000
↓ $50K
(5%) | |
| Price Decreased | |||
| May 12, 2026 | Price Decreased |
$998,000
↓ $52K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017