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304 Flower Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 29, 2023 | No longer available | - | |
| No longer available | |||
| Jun 7, 2023 | In contract | - | |
| In contract | |||
| May 30, 2023 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| May 8, 2023 | Price Decreased |
$699,000
↓ $16K
(2.2%) | |
| Price Decreased | |||
| Apr 18, 2023 | Listed by Coldwell Banker Sky Ridge Realty | $715,000 | |
| Listed by Coldwell Banker Sky Ridge Realty | |||
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This one is too good to pass up. This has been a successful rental for a few years now and is close to the Lake Arrowhead Village and Lake trails. This home is turn key offering beautiful upgrades and tasteful decor throughout. Recent owners have installed a 3.5 ton AC unit, plus 2 mini splits and even updated the furnace. You'll love the main floor living room with high vaulted ceilings, open kitchen and dining area, along with 2 main floor bedrooms. Upstairs you'll find a larger primary bedroom with bathroom attached and private deck. Downstairs is a 4th bedroom or family room area with separate entrance, and even a large laundry room/rec area. There are plenty of decks to enjoy the outside, one is on the main level and one is out back with sitting area and all. This home offers dual access and has 2 parking areas. You may even find peaks of the lake from this property. Home does have lake rights and active STR permit, and comes furnished. Dont' pass this up! Contact listing agent Michelle Calkins at 951-317-5019 for more info on the property. The manager has listed the unit size as 1552 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017