31381 Island Dr
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 26, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by eXp Realty, LLC | $1,650,000 | |
| Listed by eXp Realty, LLC | |||
| | |||
|
This amazing custom-built, well-loved home is being offered for the first time by the original owner, it is truly a gem! it is located in the Gated Community of the Island of Hiwan subdivision, backing to the Hiwan Golf Course (not a mandatory membership!) You will be welcomed by the lovely, covered front porch and enter into the grand entryway with soaring ceilings and a grand staircase. There is lovely hardwood throughout the main floor. The main-floor office has a fireplace and beautifully vaulted, beamed ceilings. Enjoy the bay windows, crowned molding and gas fireplace from the formal living room that flows into the dining room. The dining room is connected to the butler's panty with plenty of cabinets, sink and wine cooler refrigerator. You will love the gourmet kitchen w/the subzero refrigerator/freezer, large island w/Wolfe gas cooktop, granite counters, Wolfe double ovens and microwave and panty cabinets. Looking out onto the 6th fairway you can enjoy meals from the sunny eating area off of the kitchen that flows into the family room w/a wet bar, fireplace and built-in shelving. The sliding door open to a large, covered back patio where you can take in unobstructed views of the golf course. The large, main-floor primary bedroom also walks out to the golf course and has a updated private bathroom with 2 sink areas, glass shower, tub and 2 cedar lined closets! From the kitchen area you can access a 2nd staircase that leads upstairs. The upper level has 3 bedrooms that all have double closets and golf course views. Two of the bedrooms share a large bathroom with divided sink areas and private tub and toilet area. The 3rd bedroom boasts it's own private bathroom! The basement is huge w/a workshop and a large unfinished area. Another office area with built-in shelving & a fireplace and a family room with an egress window and a 3/4 bath with a large shower are also in the basement! 3 car garage w/extra space, cabinets and dog door that opens to dog run!!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017