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5211 CONTINENTAL DRIVE
About This Property
Discover the convenience of a fifth bedroom located in the fully finished basement, providing a secluded retreat for guests or family members seeking extra privacy. With an accompanying onsite bathroom and a convenient walk-up entrance, this space offers a cozy haven for relaxation and rest. Enjoy the serenity of the outdoors from your covered back porch, overlooking a lush yard that backs to tranquil trees, offering privacy and a peaceful retreat from the bustle of everyday life. Indulge in the abundance of community amenities, including a community center, fitness center, swimming pool, tot lots, playgrounds, and jogging/walking paths, providing endless opportunities for recreation and relaxation just steps from your front door.
Priced at $750,000, this home offers a rare opportunity to own a piece of paradise in a vibrant community known for its convenience, comfort, and quality of life. Act fast and seize the chance to make this your forever home!
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Relisted | $725,000 | |
| Relisted | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by Keller Williams Realty Centre | $725,000 | |
| Listed by Keller Williams Realty Centre | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017