523 Sundown Drive
About This Property
Recent updates include a brand new AC system, a new roof and other major improvements. The expansive wrap-around deck is the crown jewel of this home, perfect for entertaining or soaking in the panoramic vistas from your private hot tub. Abundant outdoor space and stunning natural surroundings. This property is a blank canvas ready for your personal vision. Whether you're seeking a retreat from city life, a lucrative rental property in a desirable location, or a renovation project with incredible bones, this home delivers on location and potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed by Fathom Realty | $287,649 | |
| Listed by Fathom Realty | |||
| May 9, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017