3397 Mystic River Drive
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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.
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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | Listed by STELLAR NON-MEMBER OFFICE | $450,000 | |
| Listed by STELLAR NON-MEMBER OFFICE | |||
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Situated in the coveted gated community of Waterways of Naples, this furnished home features 3 bedrooms and 2 bathrooms with serene lakefront views. The expansive lot offers ample space for a pool installation. Access to the screened lanai is seamless with three sets of sliding doors. The kitchen is equipped with a sizable pantry, while the master suite boasts an extensive walk-in closet. Privacy is ensured in the master bath through glass block windows that also allow soft morning light to fill the room. The bath includes dual vanities, a soaking tub, and a separate shower. Storage is no issue with a 3-car garage and an extended driveway for additional vehicles. The home comes with essential appliances, including a full-sized washer and dryer along with a laundry sink in the garage. Upgrades include a new roof and fresh exterior paint as of 2020. The family-oriented community offers a plethora of amenities such as a clubhouse, a community pool, a fitness center, a chickee hut with picnic areas, tennis and pickleball courts, a volleyball area, a playground, and a storage lot for boats/RVs. The community is surrounded by 150 acres of connected lakes where small boats are allowed. Waterways boast low HOA fees and is ideally located near the new Big Corkscrew Park and the Crew Bird Rookery Swamp Trails, with nearby shopping options and schools accessible by walking or biking.
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| Jul 12, 2024 | In contract | - | |
| In contract | |||
| Jun 24, 2024 | Listed by Naples Flat Fee Realty LLC | $459,900 | |
| Listed by Naples Flat Fee Realty LLC | |||
| Aug 14, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017