2 Drake Court
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 |
|---|---|---|---|
| Jun 22, 2023 | Sold | ||
| Sold | |||
| Apr 15, 2023 | Listed by RE/MAX Rising | $265,000 | |
| Listed by RE/MAX Rising | |||
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This 4 bedroom beauty comes with an extra first floor office, bonus room behind kitchen that can be walk in pantry or small bedroom, bump out in garage for workshop, extra wide corner lot, nice deck with awning & covered porch extending the front of the house. Open kitchen has quartz counter tops, backsplash, stainless appliances, new faucet & under cabinet lighting ('18). New interior light fixtures ('21), 30 year roof ('11) - HVAC ('12). Close to neighborhood lakes that are great for fishing & trails. Basement has never had water.
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| May 13, 2022 | Sold | ||
| Sold | |||
| Feb 27, 2022 | Listed by RE/MAX Rising | $245,000 | |
| Listed by RE/MAX Rising | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017