203 Mainsail Drive
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 26, 2024 | Sold | ||
| Sold | |||
| May 23, 2024 | Listed by RE/MAX 10 | $459,000 | |
| Listed by RE/MAX 10 | |||
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Located in the picturesque Mariner's Cove Subdivision, this stunning home offers an unparalleled lifestyle nestled between the serene Third Lake and Druce Lake. Mariner's Cove, a unique community of 338 homes, is set in an area brimming with recreational opportunities and bordered by the expansive Rollins Savanna Forest Preserve. This exquisite 4-bedroom, 2-1/2 bath home is situated across the street from Third Lake, offering scenic views and easy access to the water. The generous primary bedroom features an ensuite, providing a private retreat. The kitchen is a chef's dream with numerous cabinets, pull-out drawers, a pantry, and a trash compactor. Recent upgrades include a new HVAC system installed in 2024. Vaulted Ceilings. 1 Fireplace with gas logs, 2 car attached garage, Additional amenities include a second-floor laundry room, central vacuum system (as is, never used by the owner), a brick paver patio perfect for outdoor gatherings, and a finished basement with ample storage. All bedrooms are spacious, ensuring comfort for the entire family. This property is not just a home, but a gateway to a vibrant and active lifestyle. Homeowners can enjoy motorized Third Lake (which allows, boating, jet-skis and fishing ) and Druce Lake for non-motorized activities (swimming, kayaking, etc. ).
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| May 17, 2017 | Sold | ||
| Sold | |||
| Mar 13, 2017 | Listed by Keller Williams Success Realty | $299,900 | |
| Listed by Keller Williams Success Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017