48 Cannon 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 |
|---|---|---|---|
| Mar 17, 2026 | Sold | ||
| Sold | |||
| Feb 13, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Listed by Merrifield & Pilcher Realty | $499,900 | |
| Listed by Merrifield & Pilcher Realty | |||
| Dec 10, 2025 | Price Decreased |
$579,900
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Jul 31, 2025 | Listed | $599,900 | |
| Listed | |||
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Located in North Walton County in the Paxton School District, this 4BR 2BA brick home sits on 6 plus acres including an inground pool and pool house that includes a bathroom and outdoor kitchen area! Built in 2014 this well-maintained home offers a large open living with a great fireplace and connects to a large kitchen and dining room that is perfect for entertaining and family time. The master suite offers large walk in his and her closets, double vanity, and separate shower. The additional 3 bedrooms are perfect for any size family as well. The property includes a large storage building, 4 car covered carport, irrigation throughout the yard, and paved driveway. The property offers woods to maintain privacy as well as plenty of room to enjoy outdoor living in town. Call to see this one!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017