3903 Drake Street
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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 |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by Alex Tyson Properties | $849,000 | |
| Listed by Alex Tyson Properties | |||
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The quintessential bungalow/ranch has 2 or 3 bedrooms & 3 baths with a sparkling pool. The living /family room boasts a cathedral ceiling, wood burning fireplace, and storefront doors. This spacious and light filled house is perfect for entertaining and has a flexible floorplan. Other amenities include Primary bedroom with whirlpool tub and double sinks, walk in closet, doors that open to the pool, hardwoods , plantation shutters, updated baths (per seller), flagstone patio & nicely landscaped yard. Superb location zoned to West U elementary, close to shopping & restaurants. Not far from galleria, downtown, Highland village and Rice Village.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017