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256 SUNRIDGE DRIVE
About This Property
Looking for land to build your dream home? This 6.23-acre property in the heart of Auburndale could be your perfect match. Tucked away from the hustle and bustle, this spacious parcel offers the ideal setting for a custom-built home with plenty of room to stretch out and enjoy the peaceful, rural lifestyle. The property currently features a double-wide mobile home that needs some TLC and will not qualify for traditional financing. However, it could serve as a convenient temporary residence while your new home is under construction. Whether you're envisioning a private homestead, hobby farm, or a place to simply enjoy the open space, this property offers the flexibility to bring your vision to life. Don't miss this opportunity to own a sizable piece of land with great potential in beautiful Auburndale!
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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 |
|---|---|---|---|
| May 20, 2026 | Price Decreased |
$550,000
↓ $100K
(15.4%) | |
| Price Decreased | |||
| Apr 28, 2026 | Relisted | $650,000 | |
| Relisted | |||
| Apr 20, 2026 | No longer available | - | |
| No longer available | |||
| Apr 25, 2025 | Listed by COLDWELL BANKER REALTY | $650,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Mar 4, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017