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303 Island 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 5, 2025 | Price Decreased |
$829,000
↓ $21K
(2.5%) | |
| Price Decreased | |||
| Mar 10, 2025 | Price Decreased |
$849,900
↓ $100
(0%) | |
| Price Decreased | |||
| Mar 2, 2025 | Relisted | $850,000 | |
| Relisted | |||
| Feb 23, 2025 | In contract | - | |
| In contract | |||
| Jan 20, 2025 | Listed | $850,000 | |
| Listed | |||
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BRAND NEW ROOF JUST INSTALLED! Welcome to this COMPETELY RENOVATED stunning three bedroom and two and a half bath home located in Riverside Landing on quiet cul de sac. Walk to private deeded beach access and river pier within minutes! Recent upgrades include brand new TRANE A/C + new hot water heater 2024. All new hurricane impact windows/sliders installed 2023-2024. Large covered lanai overlooks the heated screened in pool and spa that has been beautifully refinished and pool cage has been re screened and elegant pavers added for enhanced aesthetics. New pool heater 2020. Inside, you'll find all new LVP flooring featuring stylish Hunter Douglas window coverings and plantation shutters on the front windows. Chef's kitchen remodeled w/ wooden cabinets, S/S appliances featuring electric ceramic cooktop. Reverse osmosis filtration system. All bathrooms have been updated and boast ceramic tile plank flooring and quartz countertops. Big paver driveway. Security system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017