63
Map
405 Newport Drive
About This Property
See attached document for Recent Renovations and Upgrades!!!
Recently installed Intricate Decorative wood trim and statement walls throughout home.
Entire main home and guest house freshly painted.
All new recessed lights throughout 6 bedrooms and 6 bathrooms
Outdoor shower with temperature control.
Enormous yard allows for tremendous space and cozy nooks to sip coffee or for children to play on the large Custom playground from Play Lofts!
Numerous Electric roll-down shutters, metal shutters and impact glass windows in new master bath (only 6 out of approximately 30 glazed openings not impact protected).
Custom pool safety fence.
Top Schools. Walk or bike to beaches, shops, dinings, parks, boardwalk... Only 10 minutes to MLB airport and 1 hour to MCO. 1 hour to Orlando attractions, and even closer to Cape Canaveral. See beautiful launches right from your yard. Numerous options for boating, fishing, paddle-boarding, kayaking, dolphin watching and more!
Gated community has pool, clubhouse, tennis courts and bike trails right outside rear gate that lead directly to middle and elementary schools!
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jul 14, 2024 | Relisted | $1,400,000 | |
| Relisted | |||
| Jul 14, 2024 | Price Decreased |
$1,350,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Jun 12, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017