1831 Island Drive
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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%.
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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 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $950,000 | |
| Listed | |||
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Great Location in Island Community! The seller has spent more than $100,000 for upgrades and full renovation. The owner has put lots of attention to detail including brand new kitchen and two bathrooms, which were renovated in Nov.2018. In addition, the house has new AC ($8,800) with new airducts in 2015, new piping, damaged roof tiles are replaced in 2014. Beautifully upgraded SINGLE STORY residence is located close to the end of cul-de-sac in the Island community, very quiet and private. This house has a formal living room with grand vaulted ceiling, kitchen that opens up to a family room with a modern fireplace, recessed lighting, dual pane windows, wood flooring, two closet in the master bedroom, high quality appliances (Bosch), inside laundry room. The front yard has well-tended grass, double front door, and attached two car garage with the spacious front parking spaces, the finished backyard offers a private space for easy maintenance. This house in Island community was built by Lyon Builders that is famous for building good homes with a spacious attic. 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, very conveniently located near shopping cen The manager has listed the unit size as 2189 square feet.
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| Jul 3, 2019 | Sold | ||
| Sold | |||
| Apr 20, 2019 | Listed by Redpoint Realty | $910,000 | |
| Listed by Redpoint Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017