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5 HERMOSA DRIVE
About This Property
Inside, you'll find a comfortable floor plan featuring large living and dining areas, along with a spacious kitchen that overlooks the family room. Sliding doors lead to the enclosed rear porch which provides additional living space and creates a wonderful spot to relax or enjoy views of the backyard. The guest bedrooms offer plenty of room for family, guests, a home office or hobby space. The primary bedroom has 2 built in closets and the en suite bathroom has a double vanity and walk in shower.
The kitchen and bathrooms retain their original character and are ready for your personal updates, giving you the opportunity to create the finishes and style you've been looking for. Outside, the large fenced backyard provides plenty of room for outdoor living, gardening, pets, play or future improvements and includes a convenient storage shed. The oversized 2 car garage has laundry hookup and door leading to the backyard.
With NO HOA, you'll have more freedom to enjoy your property your way. This peaceful Lake Hermosa neighborhood is just off of scenic Lake Eustis/Lakeshore Drive, and convenient to shopping, dining, schools amenities!
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Decreased |
$349,500
↓ $16K
(4.3%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$365,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by DAVE LOWE REALTY, INC. | $374,900 | |
| Listed by DAVE LOWE REALTY, INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017