3947 N Indian River Drive
About This Property
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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 |
|---|---|---|---|
| Jun 10, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Listed by Coldwell Banker Realty | $643,000 | |
| Listed by Coldwell Banker Realty | |||
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This well-appointed home sits on 0.63 acre, 2,474 square feet of living space and river views. The property features a tranquil in-ground screened saltwater pool, soothing spa & waterfall, and Baja shelf. Lanai provides ample space for relaxation and outdoor entertaining. The kitchen is equipped with stainless steel appliances, center island, and built-in storage and feature wall. Kitchen views pool with peek-a-boo river views, complementing the farmhouse-inspired style throughout the home. Off the kitchen the office has transom windows, sliding barndoors, and French doors to the pool and private side entrance. The office could be a fourth bedroom or formal dining room. The primary bedroom boasts river views, an en-suite bathroom with a soaking tub and a walk-in rain shower, as well as a sitting area, providing a private oasis. Two additional bedrooms and a full bathroom complete the interior. The home also has a butler pantry and laundry room seamlessly blending a timeless style.
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| Feb 26, 2021 | Sold | ||
| Sold | |||
| Dec 15, 2020 | Listed by Walker Bagwell Properties Ltd | $449,900 | |
| Listed by Walker Bagwell Properties Ltd | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017