2587 WATERMILL 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 |
|---|---|---|---|
| Mar 6, 2025 | Relisted | $450,000 | |
| Relisted | |||
| Mar 4, 2025 | No longer available | - | |
| No longer available | |||
| Jun 21, 2024 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Mar 3, 2024 | Listed | $450,000 | |
| Listed | |||
| | |||
|
Welcome home!!
This property offers a unique floor plan with quality upgrades that appeal to everyone. Home features bamboo-look tiles throughout the entire ground floor, stairs, and in the wet areas. and more. On the first floor, please enjoy a separate formal dining room, office space, nice half bath tucked away, beautiful kitchen with quartz counter-top, stainless appliances, tile backsplash, one bedroom with one full bath, a half bath, and more. Enjoy the view of your swimming pool and cabana bath from the breakfast nook and the opening living space. Upstairs features a spacious master bedroom with a glamorous master bath, three other bedrooms and two full baths, a large loft for a library, recreation, etc. The guest or 5th bedroom is downstairs. Make good use of a versatile loft space. Roof is about 3 years old.
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| Sep 26, 2022 | Listed by SOLSTICE REALTY, LLC | $449,900 | |
| Listed by SOLSTICE REALTY, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017