247 Cedar Drive
About This Property
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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 |
|---|---|---|---|
| Oct 14, 2022 | Sold | ||
| Sold | |||
| Sep 18, 2022 | Listed by RE/MAX New Beginnings Realty | $699,999 | |
| Listed by RE/MAX New Beginnings Realty | |||
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This Newer Custom Built Home is Coastal Living at its best! With Panoramic views, this 4 Bedroom 2.5 Bath is located on the lagoon 3 houses to the open Bay. The main floor has an eat in Kitchen w/ Dining/Livingroom combo. The main bedroom & full bathroom are also located on the main floor along with an additional 1/2bath & Laundry Room. The second floor has a family room with 3 additional bedrooms, full bath, storage loft and walk-up Attic. The ground level offers a full garage, basement with rear entry plus utility access. The property has a vinyl Bulkhead, is fully fenced, and a Pergola w/ patio, best of all the whole house is maintenance free so you can enjoy your time with Family, Friends, & water Toys! Listing agent must accompany all showings per owner.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017