507 Preston 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 |
|---|---|---|---|
| Feb 25, 2022 | Sold | ||
| Sold | |||
| Dec 30, 2021 | Listed by eXp Realty, LLC | $395,000 | |
| Listed by eXp Realty, LLC | |||
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Convenient commute to work or play! Spacious newly renovated brick home on 1+ acre lot in the extremely desirable Preston Ridge. Beautiful open floor plan features Primary suite on each end of the home. Rear of property lined by pasture. No need for an attached garage when you have a fabulous large 3-bay shop built in 2021 with electric, shop is also ready for installation of an additional half bath. Relax and refresh during the summer months in the large pool that has been freshly resurfaced with a fiberglass liner in 2021.
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| Nov 25, 2020 | Sold | ||
| Sold | |||
| Oct 12, 2020 | Listed by Homes By Lainie Real Estate Group | $295,000 | |
| Listed by Homes By Lainie Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017