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481 Cardinal Drive
About This Property
Hard surface floors throughout , new baseboards , new fans, recessed lighting.
Master bedroom has huge walk in closet , dual vanity , granite countertops , frameless step in shower . Step out of the master into a private oasis with an out door shower. AS you enter the home you are amazed at the water views through the quad sliders . For the chef , you have a gas stove , stainless appliances and a water view .Completing this home is 3 additional bedrooms , dining room, extra large garage, with overhead storage for surfboards. Cocktails on the deck at sunset is the way to end your day. Slice of Paradise .
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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 |
|---|---|---|---|
| Dec 21, 2021 | Sold | ||
| Sold | |||
| Nov 15, 2021 | Listed by Dale Sorensen Real Estate Inc. | $800,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| Feb 5, 2016 | Sold | ||
| Sold | |||
| Oct 30, 2015 | Listed by Dale Sorensen Real Estate Inc. | $415,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| Sep 23, 2013 | Sold | ||
| Sold | |||
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About Waterway Estates North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017