1840 Royal Oaks Drive
About This Property
Step outside to discover a private backyard sanctuary designed for both relaxation and entertaining. The expansive flat outdoor space is framed by lush landscaping, including an orange tree, and a cherry blossom. Spend sun-soaked afternoons by the sparkling pool or host unforgettable evenings under the stars in this tranquil setting. Significant recent upgrades enhance both beauty and peace of mind, including fresh interior and exterior paint, remodeled bathrooms, updated flooring, a newer water heater, an upgraded electrical panel, and premium dual-pane windows.
The location is truly unbeatable for outdoor enthusiasts, situated directly across from a scenic walking, biking, and equestrian trail that leads to the impressive Royal Oaks Park. There, you can enjoy tennis and pickleball courts, basketball, and a modern playground. Perfectly located near highly rated schools, scenic hiking trails, and vibrant dining, this home offers the ideal balance of a quiet retreat and modern convenience. With easy access to freeways and public transportation, this is a rare opportunity to own one of the most desirable properties in the neighborhood.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Price Decreased |
$1,098,888
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Apr 29, 2026 | Price Decreased |
$1,148,888
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$1,198,888
↓ $26K
(2.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017