49244 Sherman 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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | Listed by BBS Brokers Realty | $799,000 | |
| Listed by BBS Brokers Realty | |||
| Sep 28, 2021 | Sold | ||
| Sold | |||
| Jan 27, 2021 | Listed by Gallery Marketing Group, Inc. | $392,400 | |
| Listed by Gallery Marketing Group, Inc. | |||
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Introducing our Gallery Links III new homes and final phase in the historic Indian Palms Country Club. This home sits on the golf course with Eastern views (Lot 2). A classic floorplan with 3 bedrooms and 3 full bathrooms. 9 ft ceilings with 8ft interior doors. Gallery's standard features are other builder's options so these home come ready for move in. Detailed throughout with an Island style kitchen with granite counters and pendant lighting. Large panty with frosted glass door. Open living area with fireplace. Nice separation of bedrooms, each guest bedroom with a full bathroom. Homes come with a choice of 18'' tile flooring in 4 colors and carpet or you can upgrade at our Design Center. All homes have 2 car garage +golf cart garage. Ample size lots with plenty of room for a pool. The Phase 2 homes will be completed end of April. Low HOA which includes fitness center, 3 pool/spa areas, sport and tennis courts along with a boutique hotel for you guests. Indian Palms offers 27 holes of golf with very reasonable memberships or ''pay as you play''. Ideally located within minutes of the Polo grounds, the world famous Coachella and Stagecoach festivals, shopping and dining. Welcome to the neighborhood!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017