5 Canterbury Drive
About This Property
Recent updates provide peace of mind, including central air conditioning and heating systems replaced in 2022, a new hot water tank, an updated electric meter in 2025, a newer roof with leased solar panels, and a re-sealed driveway in 2025. Everyday conveniences are complemented by thoughtful details such as a two-car garage, public sewer connection, and an inground sprinkler system.
Outdoors, the home features a true backyard retreat with a saltwater inground pool. The pool has been meticulously updated with a new liner in 2021, fresh pavers and coping in 2025, an electric heater in 2023, plus a new filter and pump in 2024. It's the perfect setting for summer entertaining and relaxation.
The location adds to the appeal, with this desirable Coram neighborhood offering a quiet suburban atmosphere while keeping shopping, dining, schools, and parks close at hand. Easy access to major roadways ensures a convenient commute across Long Island and into New York City.
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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 |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$675,000
↓ $14K
(2%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
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About Coram
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$3,990 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017