274 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 |
|---|---|---|---|
| Apr 3, 2025 | Sold | ||
| Sold | |||
| Mar 19, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Listed by J. Lindsey Properties | $440,000 | |
| Listed by J. Lindsey Properties | |||
| Oct 29, 2024 | No longer available | - | |
| No longer available | |||
| Jun 27, 2024 | Listed by J. Lindsey Properties | $465,000 | |
| Listed by J. Lindsey Properties | |||
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Here’s your chance to own a piece of paradise on the Texas gulf coast! At last — a beachfront property is finally available in the highly coveted, gated community of Matagorda Dunes. If you’ve been searching for a beautiful, low maintenance vacation home that’s the perfect size for a’ retreat, look no further! Impeccably maintained with upgrades galore, this fabulous beach cottage, situated on nearly 1/4 of an acre is move-in ready…and fully furnished too! You will fall in love with the open concept living area with soaring, hand bleached wood ceilings, clerestory windows, abundant natural light and panoramic views of both the surf and East Matagorda Bay. There is a bonus 700 square feet downstairs in the form of a full bathroom, laundry area and boat storage/garage. Engineered plans for a 1,000 square foot addition are available with this fabulous property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017