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408 Sheldon Lake DR
About This Property
Inside, you'll love the open-concept living and dining area, bathed in natural light from double glass sliding doors that frame gorgeous views of the manicured backyard and lush green space beyond. The charming breakfast nook offers the perfect spot for your morning coffee, and fresh paint both inside and out offer a bright, crisp canvas for you to make this beauty your own.
As if all of that wasn't enough, the home is just the starting point here in Sun City. This premier 55+ active adult community offers resort-style amenities including multiple golf courses, clubhouses, fitness centers, indoor and outdoor pools, pickleball and tennis courts, scenic walking trails, and an ever-changing calendar of social clubs and activities - all designed to make every day feel like a getaway. Schedule your showing today!
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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 20, 2026 | Price Decreased |
$299,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Oct 3, 2026 | Listed by Magnolia Realty | $309,000 | |
| Listed by Magnolia Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017