27 Mitchell Drive
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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%.
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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 |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Apr 1, 2024 | Listed by Howard Hanna Coach | $589,000 | |
| Listed by Howard Hanna Coach | |||
| | |||
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Nestled within the highly sought-after Miller Place School District, this meticulously maintained 3-bedroom, 2.5-bathroom home offers a warm and inviting retreat for families of all sizes. Designed and built by its original owners, this residence exudes pride of ownership at every turn. Step inside to discover hardwood floors that flow seamlessly throughout the main level, creating an ambiance of timeless elegance. The spacious layout includes a large eat-in kitchen, perfect for culinary enthusiasts, a spacious formal dining room and a formal living room, providing ample space for entertaining guests or enjoying quiet family evenings. Retreat to the comfort of the master suite, complete with its own private master bath, offering a peaceful sanctuary after a long day. Two additional bedrooms provide flexibility for family members or guests. The full finished heated basement, with its own outside entrance, offers limitless possibilities, whether it's utilized as a recreation area, home office, or additional living space for extended family members. Convenience meets functionality with features such as high-hat lighting, 200-amp electric service, and an in-ground sprinkler system, ensuring comfort and ease of living. Outside, the property boasts a well maintained yard, providing a tranquil setting for outdoor gatherings or simply unwinding amidst nature's beauty. Located within close proximity to Mt. Sinai Harbor and Cedar Beach where you can enjoy Fishing, Kayaking or just a lazy day at the beach, Also close to many local delicious restaurants, this home offers the perfect blend of comfort, convenience, and community. Don't miss the opportunity to make this charming residence your own!
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| Jan 20, 2004 | Sold | ||
| Sold | |||
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About Sound Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017