3488 SE Cambridge Drive
About This Property
home. The open layout invites you to take
advantage of the fabulous lakefront views
enjoying the ducks and birds from most of the
home. Light and bright spaces with a glass
enclosed Florida room and a paver screen porch
to take advantage of year-round or seasonal
living. The home is located in the Broadview
neighborhood of Willoughby with its own
community swimming pool. The home has
updated baths, kitchen and is in move-in
condition. Hook up for portable generator and a
2-car garage plus golf cart space. Social/Tennis
membership is included in the HOA fees. There is
a $40,000 non-refundable capital contribution paid
by buyer at closing
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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 |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Sep 29, 2023 | Listed by Water Pointe Realty Group | $600,000 | |
| Listed by Water Pointe Realty Group | |||
| Nov 25, 2014 | Sold | ||
| Sold | |||
| Apr 2, 2014 | Listed by Water Pointe Realty Group | $328,900 | |
| Listed by Water Pointe Realty Group | |||
| May 1, 2013 | Sold | ||
| Sold | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017