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47 RED MILL DRIVE
About This Property
Set on an oversized lot, this thoughtfully designed 4-bedroom home offers space, comfort, and modern style. An open-concept layout showcases tile flooring throughout the main living areas and the owner's suite, creating a clean and cohesive look. The kitchen features quartz countertops, 42" upper cabinets, and ample workspace, making it ideal for both everyday living and entertaining. Step out to the covered lanai and enjoy the added privacy and outdoor space this oversized homesite provides. With generous bedrooms and quality finishes throughout, this home is a perfect blend of functionality and room to grow.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Price Decreased |
$349,900
↓ $20K
(5.4%) | |
| Price Decreased | |||
| Jan 4, 2026 | Listed by SEAGATE REAL ESTATE INC | $369,900 | |
| Listed by SEAGATE REAL ESTATE INC | |||
| Feb 21, 2020 | Sold | ||
| Sold | |||
| Jan 18, 2020 | No longer available | - | |
| No longer available | |||
| Aug 28, 2019 | Listed by SEAGATE REAL ESTATE INC | $22,500 | |
| Listed by SEAGATE REAL ESTATE INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017