55 Gardens Drive
About This Property
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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 |
|---|---|---|---|
| Feb 24, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Dec 9, 2025 | Listed by Evermark Property Group, LLC | $299,000 | |
| Listed by Evermark Property Group, LLC | |||
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**OPEN HOUSE FOR 1/25 CANCELED** This solid ranch in the desirable Sixteen Acres neighborhood is a great opportunity to own a well-located home with several updates already in place. The bedrooms are comfortably sized, and the partially finished basement provides additional living space with a den and wet bar, along with plenty of storage. Hardwood floors run throughout the main level, and outside you’ll find a private fenced-in backyard and a newer concrete patio, ideal for relaxing or entertaining. The home features a high-efficiency tankless heating and hot water system, mostly updated vinyl replacement windows on the first floor, and full insulation throughout. A great home in a strong neighborhood with a location that’s hard to beat.
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| Mar 18, 2022 | Sold | ||
| Sold | |||
| Feb 2, 2022 | Listed by Naples Realty Group | $239,900 | |
| Listed by Naples Realty Group | |||
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