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2405 GALLAGHER ROAD
About This Property
This charming three-bedroom, two-bath home offers a welcoming open layout that makes spending time together effortless, whether you're helping with homework at the kitchen island, preparing family dinners, or hosting friends for weekend get-togethers. The seamless flow between the kitchen and family room creates the perfect space to connect, while the private bedrooms give a peaceful retreat at the end of the day. Blending modern style with everyday comfort, the Cedar Key is a place where your family can grow, celebrate, and create memories that will last a lifetime.
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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 23, 2026 | Price Increased |
$558,900
↑ $4K
(0.7%) | |
| Price Increased | |||
| Jun 15, 2026 | Listed by LGI REALTY- FLORIDA, LLC | $554,900 | |
| Listed by LGI REALTY- FLORIDA, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017