517 Louis Drive
About This Property
Step inside to discover a well-maintained interior with an inviting open floor plan that creates a warm, welcoming atmosphere. The large front porch is perfect for relaxing or entertaining in a tranquil, country setting.
Outside, you'll find an above-ground pool, complete with a new pump, ready for enjoyment. Recent upgrades include a new AC system installed in 2020 and a durable metal roof added in 2020. Home has high impact windows.
For added convenience, the oversized detached concrete block garage features screen doors and an RV hookup, offering plenty of storage and space for your hobbies. This home is a true gem, offering both modern comforts and the serenity of country living.
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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 11, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Apr 14, 2025 | Price Decreased |
$189,000
↓ $41K
(17.8%) | |
| Price Decreased | |||
| Mar 19, 2025 | Price Decreased |
$229,900
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed by Florida Life Realty | $239,900 | |
| Listed by Florida Life Realty | |||
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About Cardinal Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017