2204 W 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 |
|---|---|---|---|
| Oct 21, 2025 | Listed | $550,000 | |
| Listed | |||
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Welcome to your home in the heart of Margate! This beautifully maintained 3-bedroom, 2-bathroom residence offers the perfect blend of comfort, style, and convenience. From the moment you step inside, you’ll love the spacious layout, abundant natural light, and tasteful finishes throughout.
The updated kitchen features modern appliances, ample cabinet space. Relax in the inviting living area or unwind in your private primary suite, complete with an en-suite bathroom for your comfort.
Outside, enjoy a generous waterfront backyard perfect for gatherings, gardening, or just soaking up the Florida sunshine. With a prime location just minutes from parks, schools, shopping, dining, and the beach, this home puts you close to everything Margate has to offer.
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| Nov 24, 2023 | No longer available | - | |
| No longer available | |||
| Nov 10, 2023 | Listed | $550,000 | |
| Listed | |||
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Charming waterfront home. Enjoy an open floor plan, granite countertops, and porcelain flooring in living areas. Bedrooms feature high-end laminate. A spacious deck overlooks a magnificent lot, perfect for kids, parties, and pets. Giant master bathroom adds luxury. Located across from a city waterpark, and conveniently near malls, dining, and major highways. No HOA fees make this a versatile and inviting property.
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| Feb 26, 2018 | Sold | ||
| Sold | |||
| Oct 16, 2017 | Listed by Re/Max 1st Choice | $289,900 | |
| Listed by Re/Max 1st Choice | |||
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About North Margate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017