521 Piper Boulevard
About This Property
This three bedroom two bath home is outfitted with a large living room and formal dining room. The eat in kitchen has plenty of counter space and the appliance are five years new. The master bedroom and bath are large and have plenty of light. The second and third bedrooms are also equipped with many windows and have hurricane protection on the front and sides of the home, roll down and Bahama shutters. The second bath is spacious and was remodeled a few years ago. There is carpet throughout the home and vinyl in the kitchen and baths. There are five ceiling fans in the interior and two on the lanai. The roof is 7 years new and the AC is only five years old, however, all the duct work was just completely replaced! Extremely well taken care of and waiting for new buyers to call it home. Palm River Estates, and this charmer, what more could you want?!!!
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Price Decreased |
$559,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jul 23, 2025 | Price Decreased |
$569,000
↓ $26K
(4.4%) | |
| Price Decreased | |||
| May 16, 2025 | Price Decreased |
$595,000
↓ $44K
(6.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017