2218 Bay Oaks Drive
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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%.
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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 13, 2023 | Sold | ||
| Sold | |||
| Aug 17, 2023 | Listed by Berkshire Hathaway HomeServices Chicago | $775,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
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Set amidst the sprawling beauty of a 1.09-acre lot and bordered by the untouched splendor of a state park, this inviting home offers an exceptional blend of modern comfort and natural serenity. Custom-built in 2004, this residence features 5 bedrooms, each graced with its own walk-in closet, complemented by 4 full bathrooms and 1 half bathroom. The first-floor primary suite, with its dual closets, luxurious jacuzzi tub, double vanity, and indulgent steam shower, creates a private oasis of relaxation. From the main floor, gaze out to the scenic pool and the neighboring state park through expansive windows that seamlessly bridge indoor and outdoor spaces. The inviting outdoor haven includes an alluring inground pool, a soothing hot tub, and a cozy fire pit, all embraced by the lush green surroundings. Descend to the walkout basement, where entertainment reigns with ample recreational space, an elegant bar area, a comforting fireplace, and an enclosed three-season room complete with its own hot tub for year-round unwinding. The home's functionality is further enhanced by a convenient 4-car heated garage. Recent meticulous updates include the refinement of Brazilian cherry floors and a fresh paint job, showcasing the home's impeccable condition. Here, life exudes opulence, relaxation, and a seamless connection with nature, making this not only a home but also an ideal venue for effortless and exquisite entertainment.
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| Apr 18, 2022 | Sold | ||
| Sold | |||
| Feb 28, 2022 | Listed by Keller Williams Success Realty | $675,000 | |
| Listed by Keller Williams Success Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017