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2906 Colonial Drive
About This Property
The kitchen and bathrooms showcase sleek quartz countertops, paired with brand-new appliances and soft-close cabinets and drawers for that perfect touch of luxury. Major updates include a 3-year-old roof, recently repaired foundation with a transferable warranty, and a 5-year-old HVAC system-giving you peace of mind for years to come. Every detail has been thoughtfully updated to combine comfort, function, and charm. This home is the perfect blend of modern elegance and lasting value!
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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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Price Decreased |
$379,900
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Aug 14, 2025 | Price Decreased |
$389,900
↓ $9K
(2.3%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed by eXp Realty LLC | $399,000 | |
| Listed by eXp Realty LLC | |||
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About Colony Bend
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$2,990 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017