221 Frances Dr.
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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Price Decreased |
$819,900
↓ $100
(0%) | |
| Price Decreased | |||
| Oct 9, 2025 | Listed by Black Label Realty | $820,000 | |
| Listed by Black Label Realty | |||
| | |||
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Seller is offering a 2/1 interest rate buydown incentive to qualified buyers with an accepted full-price offer. Terms and conditions apply. Modern country living at its best! Custom-built in 2019, this stunning home blends modern luxury with country charm! Step inside to an inviting open-concept layout featuring tall ceilings, wood plank flooring, and a stacked-stone fireplace with custom built-ins. The gourmet kitchen steals the show with quartz countertops, a large island, stainless steel appliances, and a 5-burner gas range. Perfect for cooking and entertaining alike. The spacious primary suite offers two walk-in closets and a spa-inspired bath for your own private retreat. Energy-efficient details include LED lighting, a whole house fan for quick natural cooling, central A/C, plantation shutters, fire sprinklers, and rain gutters. Outside, enjoy a fenced yard with lush turf lawn, a dedicated dog run for your furry friends, and gorgeous mountain views that make every sunset special. A detached 2-car garage plus extra parking provides plenty of space for vehicles, toys, or a workshop. VA & FHA terms welcome. Experience the perfect mix of peace, privacy, and convenience — this home truly checks all the boxes!
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| Jun 13, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017