321 Newland Drive
About This Property
Upstairs, find a primary suite with a private bath featuring dual vanities, a spacious walk-in closet, additional bedrooms, and a practical laundry room. Enjoy leisure time in the versatile game room and benefit from a 2-car garage. With energy-efficient Low-E insulated dual-pane windows and a 1-year limited home warranty, this home offers both style and functionality.
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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 |
|---|---|---|---|
| Apr 25, 2026 | No longer available | - | |
| No longer available | |||
| Mar 18, 2026 | Price Increased |
$251,990
↑ $3K
(1.2%) | |
| Price Increased | |||
| Feb 21, 2026 | Price Increased |
$248,990
↑ $2K
(0.8%) | |
| Price Increased | |||
| Jan 8, 2026 | Price Increased |
$246,990
↑ $1K
(0.4%) | |
| Price Increased | |||
| Dec 20, 2025 | Price Increased |
$245,990
↑ $2K
(0.8%) | |
| Price Increased | |||
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Last Updated: 6 months ago
Data Source: CANOPYMLS, MLS# CAR4317829
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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