2103 Indian River 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 |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jul 5, 2025 | Listed by Beycome of Florida LLC | $575,000 | |
| Listed by Beycome of Florida LLC | |||
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Jul 22, 2023 | Listed by RE/MAX Aerospace Realty | $489,900 | |
| Listed by RE/MAX Aerospace Realty | |||
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Seller to give $10,000.00 credit at closing towards buyer's closing costs, rate buy down or additional price reduction! Amazing location on Historic North Indian River Drive! Huge corner lot with amazing views in all directions. McFarland Park is located directly across the street, perfect for fishing, boating and just relaxing by the water. Brand new GENERAC 22KW whole house generator. Newer metal roof with solar panels that are set up for ''Net Metering'' (Selling power back to the power co), Solar Hot Water, newer plumbing lines, Septic system, AC system, storm windows with hurricane panels, ceramic tile floors and screened in back porch with hot tub. Recent renovation of entire kitchen and handicapped accessible bathroom. Surrounded by beautiful homes and landscaping with an amazing breeze from the river! This rare opportunity is a must see!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017