45
Map
321 VELVET Drive
About This Property
Inside, the home offers an open layout with volume ceilings, four bedrooms, and an additional flex room that can be utilized as a home office, playroom, or additional living area. The spacious primary suite includes double vanities, a soaking tub, separate shower, and walk-in closet. Additional highlights include a dedicated laundry room and a roof replaced in 2023.
The seller recently obtained an appraisal which may be provided upon request. A great opportunity for buyers looking for space, function, and location.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 14, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Relisted | $360,000 | |
| Relisted | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Price Decreased |
$360,000
↓ $25K
(6.5%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
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About Southwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017