228 Florence Circle
About This Property
The kitchen features a farmhouse sink, additional vegetable prep sink in the island, and a functional layout ideal for everyday living. Additional features include Pella doors, central vacuum, a Ring doorbell, and extra insulation in the attic for added efficiency.
Enjoy outdoor living on an almost-acre lot with Trex decking on the back porch and mature trees surrounding the property. RV owners will appreciate the RV carport, RV hookup on main level with clean-out access, and an additional 30 AMP RV hookup downstairs.
Excellent location just minutes from I-40 and Douglas Lake.
*Some drone photography used
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Mountain Home Realty | $430,000 | |
| Listed by Mountain Home Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017