2501 Island 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%.
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, 2024 | Sold | ||
| Sold | |||
| May 19, 2024 | In contract | - | |
| In contract | |||
| May 5, 2024 | Listed by RE/MAX First | $336,000 | |
| Listed by RE/MAX First | |||
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Charming corner lot with great size yard. This home has the land to expand with great land space, beautiful fruit trees, and more! Add on additional space or put in a pool! Home has impact windows and doors, interior well-appointed for immediate use. Great location for restaurants, shopping, and commuting.
Roof and solar panels just a couple of years old, however roof has leak.
Showings conclude 5/11/24
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| Apr 19, 2010 | Sold | ||
| Sold | |||
| Jun 9, 2006 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017