49442 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%.
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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 |
|---|---|---|---|
| Jul 1, 2023 | No longer available | - | |
| No longer available | |||
| May 31, 2023 | In contract | - | |
| In contract | |||
| May 22, 2023 | Listed by Compass | $680,000 | |
| Listed by Compass | |||
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This wonderful opportunity to own an Active short term rental on the golf course! With 3 bedrooms plus an office, 2 bathrooms, generous 2,212 sqft, this residence offers an abundance of space and elegance with the most popular floor plan in IPCC. Immerse yourself in the lush surroundings of custom landscaping & a meticulously designed backyard w/ custom paver patio space, cozy fire pit & tranquil outdoor lighting, creating an oasis of serenity & privacy & spacious enough for a pool. The tastefully updated home exudes modern sophistication, offering a pampering escape. With wonderful wood flooring throughout the main living space, ample amount of natural light flooding in through all the windows, granite countertops, white stylish cabinets, spacious great room that is perfect for entertaining, while having a quaint family room centered around a lovely fireplace. Each bedroom boasting new tile & fresh coat of paint. The primary bedroom Showcasing a spa like en suite bathroom w/ roman tub, dual vanities, walk in shower & walk in closet! Perfectly suited for short-term vacation rentals, this property is located on a tranquil street, ensuring peace & relaxation. Additionally, the community boasts a 27-hole golf course, sparkling pool, tennis & pickleball courts, a full gym w/ workout classes, restaurant & clubhouse, providing a wealth of amenities for an enriched lifestyle. Don't miss this opportunity Contact Scott today to seize this extraordinary opportunity! The manager has listed the unit size as 2212 square feet.
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| Mar 25, 2022 | Sold | ||
| Sold | |||
| Mar 12, 2022 | Listed by KUD Properties, Inc. | $599,000 | |
| Listed by KUD Properties, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017