2875 Island Dr
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 29, 2025 | Sold | ||
| Sold | |||
| Apr 2, 2025 | Listed | $998,000 | |
| Listed | |||
| Nov 28, 2024 | Price Decreased |
$998,000
↓ $52K
(5%) | |
| Price Decreased | |||
| Sep 5, 2024 | Price Increased |
$1,050,000
↑ $52K
(5.2%) | |
| Price Increased | |||
| Jul 3, 2024 | Listed | $998,000 | |
| Listed | |||
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OPPORTUNITY KNOCKS at this centrally located North Boulder property! This 4-bedroom, 4-bath home has plenty of space with 2 living areas on the main floor and a fully finished basement. The main floor boasts vaulted ceilings and wood floors throughout with an abundance of natural light. In the kitchen you'll find a gas cooktop, granite island and plenty of counter space. Upstairs, enjoy views of the Flatirons from the primary suite where you'll find a large ensuite bathroom with soaking tub and an expansive walk-in closet. Have your morning coffee on your private balcony or open the doors at night to feel the fresh summer air. The basement features a large rec room, a spacious bedroom, and a 3/4 bath. Step outside to your private yard with mature landscaping-perfect for relaxing or entertaining. This home is located in a great neighborhood with access to beautiful trails just steps away for your outdoor adventures. Additionally, you'll love the convenience of being within walking distance to shops and restaurants, making everyday living a breeze. Don't miss this chance to add value to this well designed 2 story in Sale Lake.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017