231 S Downs Way
About This Property
Upstairs you'll find five bedrooms, including a generous primary suite with a beautifully renovated bath featuring a dual vanity, soaking tub, and tiled shower. Three additional bedrooms, a full hall bath, and a versatile fifth bedroom or bonus room provide flexible space for work, play, or guests. Step outside to enjoy the expansive back deck overlooking a private, wooded backyard-perfect for relaxing or entertaining. Bailiwyck residents enjoy resort-style amenities including a clubhouse, pool, tennis courts, playground, walking trails, and a fishing pond. Conveniently located just minutes from shopping, dining, and entertainment, and zoned for top-rated Fort Mill schools, this home truly has it all! Property is back on the market at no fault of the sellers!
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Relisted | $700,000 | |
| Relisted | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by COMPASS | $700,000 | |
| Listed by COMPASS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017