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19716 Drifting Meadows DR
About This Property
This house is on a corner lot and has a relatively large front yard and very large back yard for the neighborhood. Murchison Park is one block away and has a Splash Park, Bark Park, and walking trails in open green spaces.
From the bougainvillea blooms by the front porch to the flecks of lavender color in the black countertop in the kitchen, this house has many special qualities. The closet under the stairs could be a child's reading nook or a pirate's den. The main bedroom - quiet and private - is on the first floor. The highlight of the dining area is the modern style chandelier, The second floor has two bedrooms and an open space with a closet. The open space could be used for an office, guest bedroom, exercise room, or entertainment area. And don't miss the great view from the open space of the living room below.
The house is oriented on the lot so the kitchen and breakfast area get morning sunshine. And the back porch and large patio are in the shade in the afternoon. The laundry room has a door to minimize noise in the house and a window to provide natural light, Storage racks and bicycle hooks hang from the ceiling in the garage.
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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 22, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Listed by StoneHaven Realty | $359,000 | |
| Listed by StoneHaven Realty | |||
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About Falcon Pointe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017