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345 Dorset 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%.
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 |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 12, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Compass Florida, LLC | $645,000 | |
| Listed by Compass Florida, LLC | |||
| | |||
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Just a breezy 4-minute bike ride from the beach, this sun-soaked property is a true coastal playground with serious short-term rental potential! Behind impact-rated windows & a durable tile roof, freshly painted interiors set a bright, welcoming tone, complemented by new under slab plumbing for added peace of mind. The layout blends form & function with formal living & dining rooms, a relaxed family room opening to the pool, & a well-appointed kitchen featuring granite countertops, a wall oven, stacked microwave, electric cooktop, a brand-new refrigerator, & sunny breakfast nook. Step through the sliders & into your private backyard oasis—complete with a heated saltwater pool featuring a new chlorine-free salt system, expansive screened lanai, & two sheds for added storage. The owner's suite boasts its own slider to the pool, walk-in closet, & en suite bath, while a pocket door smartly separates two generously sized guest bedrooms & a delightfully retro second bath. New Washer/Dryer.
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| Nov 25, 2025 | Price Increased |
$649,900
↑ $15K
(2.4%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017