400 DRIFTWOOD Road
About This Property
Less than a mile to the beach. Plenty of room for a pool.
BEAUTIFULLY UPDATED CONCRETE BLOCK, SINGLE STORY FRESHLY PAINTED INTERIOR and Power washed the exterior - in '2022 remodeled to include opening up the floor plan, Brand new kitchen, Dining room with new window, most windows are newer, New Roof, New HVAC and NEW Duct work, new water heater, NEW LVP Flooring throughout, blinds throughout.
Lots of Natural Sun light, Great Floor plan. Includes Large living room,Family room with wood burning fireplace - Fireplace just inspected and Fireplace specialist made repairs making it like new, dining room, kitchen, laundry room, 3 bedrooms PLUS a flex room and 2 full baths. Primary bedroom has its own bath. Large Private backyard fully fenced with plenty of room for a pool.
Don't miss this one. There's a shed out back for lawn equipment. Shed being sold AS IS.
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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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 26, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Relisted | $595,000 | |
| Relisted | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | Relisted | $595,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017