3003 SILVER LAKE Drive
About This Property
Just around the corner, you'll find the lush Ravine Gardens, offering 2.5 miles of walking trails full of azaleas and wildlife allowing you to escape into nature's beauty. Golf enthusiasts will relish the proximity to a Palatka's golf course, perfect for perfecting your swing or enjoying a leisurely weekend round.
Not to be overlooked, Palatka is renowned as the Bass Capital, offering abundant opportunities for fishing and outdoor adventures. With shopping, restaurants, and more within easy reach, this home truly puts you at the center of it all.
Don't miss out on this unique opportunity to own a slice of Palatka paradise.
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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 |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Feb 8, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Relisted | $255,000 | |
| Relisted | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | Listed by MOMENTUM REALTY | $255,000 | |
| Listed by MOMENTUM REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017