497 Community Drive
About This Property
Just a couple of blocks from the Metedeconk River and minutes from the beaches, this beauty sits on a double-wide lot with a detached garage, offering a lot of future potential along with the current upgrades:
*BRAND NEW GAS HVAC UNIT*
*BRAND NEW FLOORING THROUGHOUT*
*BRAND NEW DESIGNER KITCHEN WITH GRANITE COUNTERTOPS & SS APPLIANCES*
*REMODELED LUXURIOUS BATHROOMS*
*NEW MODERN STAIRCASE*
*NEW ELEGANT LIGHTING THROUGHOUT*
Come check this out for yourself today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Relisted | $479,000 | |
| Relisted | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Listed by Keller Williams Shore Properties | $479,000 | |
| Listed by Keller Williams Shore Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017