2487 Sunset Drive
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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%.
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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 16, 2022 | No longer available | - | |
| No longer available | |||
| Mar 9, 2022 | In contract | - | |
| In contract | |||
| Mar 3, 2022 | Listed by RE/MAX Gold Coast REALTORS | $1,295,000 | |
| Listed by RE/MAX Gold Coast REALTORS | |||
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Ocean & Islands View from this highly upgraded and remodeled home on desirable Sunset Drive. This single level home has original hardwood floors that flow through the living room and both of the spacious bedrooms. Highly upgraded kitchen with Stainless Steel appliances. Previous renovations opened up the third bedroom to a family room/den with sliding glass doors to the inviting backyard. With a blend of classicpalm trees, dense lawn and an elegant patio area, this outdoor space is perfect for entertaining. New 200 amp electrical panel, new swim spa and Hot tub with dedicated electrical panels. Architectural plans are available for a second story addition including an ocean view master suite with balcony. Numerous Upgrades including all new Led lights throughout whole home, New heating Ductwork , registers, and Nest thermostat, new pull down attic access with sheeting in the attic, new blinds, Alkaline water filtration system plumbed in at kitchen sink, New whole home water softener system, all new landscape lighting, front and back, new landscaping with fruit trees, closet world closet organizing systems for both bedroom closets, ring security camera's hard wired at front and back of house as well as Ring whole home alarm system. New hard wood floor in back office area, new kitchen sink faucets, new vanity and sink for hallway bath and painted whole inside of home .Sprinklers front and back. The manager has listed the unit size as 1384 square feet.
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| Jan 22, 2019 | Sold | ||
| Sold | |||
| Aug 26, 2018 | Listed by LIV Sotheby's International Realty | $899,000 | |
| Listed by LIV Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017