234 W Gray Owl Drive
About This Property
At the rear of the home, the primary bedroom impresses with its generous size. The en-suite bathroom features a double vanity, walk-in shower, and a spacious walk-in closet and linen closet. Two sets of two bedrooms are strategically placed for privacy, each with ample closet space and easy access to shared full bathrooms for a total of five bedrooms and three full bathrooms. All bedrooms feature upgraded carpet.
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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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Price Increased |
$380,400
↑ $12K
(3.3%) | |
| Price Increased | |||
| May 22, 2025 | Listed by DR Horton Realty of Emerald Coast LLC | $368,400 | |
| Listed by DR Horton Realty of Emerald Coast LLC | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017