224 River Terrace Drive
About This Property
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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 |
|---|---|---|---|
| Feb 20, 2024 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by The Keyes Company - Hobe Sound | $699,000 | |
| Listed by The Keyes Company - Hobe Sound | |||
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*** COMPLETELY REMODELED *** 4 bed/2 Bath, Solid CBS. This home has EVERYTHING including New Roof, Impact Windows & Doors, House Generator Hookup. Newer Kitchen & Baths!! Open Floor Plan w/White Shaker Kitchen Cabinets, Granite countertops, SS Appliances, wine fridge & coffee bar. Wood looking tile floors throughout. formal Dining Room, Lg Butler's Pantry, Storage Room & Laundry Room. Newer Central AC, New Ducts, New Insulation. Fenced in Tropical Backyard backs up to a Saltwater Canal (watch the fish swim by, go fishing, paddleboarding, etc.) Lg Open Wood deck, Artificial K-9 Turf (no maintenance). Large Yard w/Boat & RV Parking. Lg Shed. Screened Patio
4th bedroom makes a nice In-law/Guest room. Excellent VRBO! You won't find a cleaner move in ready home! ***Make Offer!!!-see more Additional Features include: Christmas Palm Trees, Banana Trees. New Roof and Gutters. Nice Hurricane 250mph 10' x 14' Shed. 6" baseboards throughout. 4th bedroom is split from the other rooms making a nice in-law suite or for your guest. ECO Impact Windows and Doors throughout the home. Generator Hook Up to run the house. A Must See!
SELLER MAY OFFER A 2-1 BUY DOWN TOWARDS BUYER'S INTEREST RATE! (A 2-1 buydown is a mortgage agreement that lowers the interest rate for the first two years of the loan- ask your lender for more information).
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| Oct 25, 2017 | Sold | ||
| Sold | |||
| Sep 26, 2017 | Listed by Premier Brokers International | $339,900 | |
| Listed by Premier Brokers International | |||
| Jun 24, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017