178 Royal Drive
About This Property
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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 |
|---|---|---|---|
| Dec 6, 2022 | Sold | ||
| Sold | |||
| Jun 29, 2022 | Listed by Berkshire Hathaway HomeServices Healy Realtors | $824,900 | |
| Listed by Berkshire Hathaway HomeServices Healy Realtors | |||
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Welcome Home to the Desirable Cherry Quay WATERFRONT! This Home is Situated on a DOUBLE LOT! Enjoy Beautiful Summer Sunsets in your Inground Pool Overlooking the Lagoon & Relaxing on 100' of Waterfront with a 40' Dock. Featuring 4 Bedrooms, 2 Baths, & a Huge Bonus Room (Potential 5th Bedroom). The 1st Floor has a Huge Family Room & Bedroom That's Perfect for Multi-Generational Living! This home has it all! The Sellers have thought of Everything! Overlooking the Water, There's a Top Deck & Lower-Level Paver Patio too! Upgrades include: All New Anderson Windows; New Hot Water Heater; Newer Kitchen & Baths, Roof, Heating, AC; Newer Vinyl Bulk Head & Dock. Stone & Paver Landscaping make this Maintenance Free! Huge 3 Car Garage & Tons of Parking! It's a Boater's Paradise too! Don't Miss it! Optional- Can Join the Cherry Quay Community Association Beach for a small fee of $80 Yearly see attached Photos.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017