2616 E Community Drive
About This Property
The screened-in patio showcases a beautiful kidney-shaped pool with both sun and shade, perfect for year-round enjoyment. A private, fully fenced side yard adds extra room to play or relax-rare for the community. A detached garage and extended 3-car driveway complete the outdoor space. Upstairs, the spacious primary suite includes dual closets, a large bath, and a sitting area. Three additional bedrooms and a full bath complete the second floor, with two bedrooms opening to a front balcony.
Original owner, well cared for. Martinique offers residents access to a community pool, playground, clubhouse, and fitness room. Abacoa's town center is just minutes away, offering restaurants, concerts, festivals, and spring training baseball games. Conveniently located near top-rated schools, shopping, dining, and major highways.
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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 |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jul 8, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$1,250,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| May 31, 2025 | Price Decreased |
$1,299,999
↓ $25K
(1.9%) | |
| Price Decreased | |||
| May 5, 2025 | Listed by Illustrated Properties (Abacoa) | $1,325,000 | |
| Listed by Illustrated Properties (Abacoa) | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017