2623 Driftwood 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 |
|---|---|---|---|
| Sep 15, 2023 | Sold | ||
| Sold | |||
| Mar 15, 2023 | Listed by Ebby Halliday Realtors | $1,669,000 | |
| Listed by Ebby Halliday Realtors | |||
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Well maintained beautiful home on open water point lot with unobstructed majestic water views! Watch the sunrise from the back deck or enjoy a peaceful evening around the fire pit making s’mores. Fantastic boat house on protected cove with 3 boat slips and covered sitting area perfect for watching Sunday football, enjoying a summer rain or taking a nap in the hammock. Home features open concept living with walls of windows, wood look tile floors, fireplace and large kitchen with gas cooktop, double ovens, ice maker, island and bar seating. Great storage throughout! Main floor offers waterside ensuite primary bedroom with fantastic water views plus a second full bath. Upstairs is another waterside ensuite bedroom, third and fourth bedrooms, fourth bath and huge bonus room that could be a fifth bedroom, bunk room or game room. Oversize garage with storage plus separate storage shed. Spider mist system. Approx 400 ft + of waterfront at the wall! Includes some furnishings.
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| Oct 2, 2022 | No longer available | - | |
| No longer available | |||
| Jun 3, 2022 | Price Decreased |
$1,950,000
↓ $200K
(9.3%) | |
| Price Decreased | |||
| Mar 6, 2022 | Listed by Ebby Halliday Realtors - Cedar Creek Lake | $2,150,000 | |
| Listed by Ebby Halliday Realtors - Cedar Creek Lake | |||
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Your Own Lake Lodge at Cedar Creek Lake! 5 bedrooms, 4 full baths with office and game-media room, and over-sized boathouse. This property is located on a private point with over 400 waterfront feet, wide open water views from practically every room. It has an over-sized boathouse with 2 boat lifts, dual personal watercraft lift, and lots of outdoor living space. Vaulted main living area with stone wood-burning fireplace, 2 car garage, and private entry. The upstairs bedrooms include 2 bunk rooms and 2nd Master honeymoon suite and game-media room. Furniture may available with acceptable offer. The manager has listed the unit size as 4300 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017