5406 Downs DR #2
About This Property
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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 |
|---|---|---|---|
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Keller Williams Realty | $440,000 | |
| Listed by Keller Williams Realty | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jun 13, 2024 | Price Decreased |
$460,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2026
|
2 Bed
|
1 Bath
|
1021 ft²
|
$440,000
2 Bed
1 Bath
1021 ft²
|
$440,000
03/10/2026
|
Wendy Papasan
Keller Williams - Austin SW
| |
|
01/09/2024
|
4 Bed
|
4 Bath
|
2210 ft²
|
$740,000
4 Bed
4 Bath
2210 ft²
|
$697,000
-5.81%
01/09/2024
|
Ben Caballero
HomesUSA.com
| |
|
12/16/2023
|
2 Bed
|
2 Bath
|
1021 ft²
|
$494,000
2 Bed
2 Bath
1021 ft²
|
$450,000
-8.91%
12/16/2023
|
Ben Caballero
HomesUSA.com
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017