1821 Island Drive
About This Property
The finished backyard offers a private pool and space for easy entertaining for parties or family BBQ. The front yard has well-tended grass and plants, a beautiful front door, and attached two car garage with the spacious front parking spaces.
This house in Island community was built by Lyon Builders that is famous for building good homes with a spacious attic, the house is cool in the summer and warm in the winter. Lyon Built homes in Island community are more valuable than other regular homes. The island neighborhood is quiet and surrounded by the Los Coyotes Country Club even ok to drive your golf cart! NO HOA dues and no Mello Roos surcharges in this highly desirable, sought-after community, conveniently located near shopping centers supermarkets, restaurants, and 3 local malls. The school district is rated for its excellence, local schools include the award-winning Sunny Hills HS, Parks Middle School, and Sunset Lane Elementary.
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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 |
|---|---|---|---|
| Mar 26, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by Redpoint Realty | $949,000 | |
| Listed by Redpoint Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017