204 Old Mill 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 |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by Engel & Volkers Foothills Lake James | $799,000 | |
| Listed by Engel & Volkers Foothills Lake James | |||
| Dec 22, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $37,900 | |
| Listed | |||
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Build your home on this BEAUTIFUL 0.98 acre lot located in The Meadows!!. Lot is wooded and lays very well allowing for a home to be built above the road with nice views overlooking the park like setting of this subdivision. City water and sewer are available and very conveniently located within minutes to I-40, hospitals, restaurants and Downtown Morganton. Subdivision restrictions. $37,900
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017