5514 Mustang Dr
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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed | $750,000 | |
| Listed | |||
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Welcome home to this stunning, completely renovated 5-bedroom, 3-bathroom elevated walk-out ranch that has been thoughtfully transformed from top to bottom. Offering the feel of a brand-new home, nearly every detail has been updated, combining modern luxury with exceptional functionality. The heart of the home is the gourmet kitchen, featuring a 36-inch gas cooktop, quartz countertops, custom cabinetry, and premium finishes designed to impress. Vaulted ceilings create a bright, open feel in the living room, while the dining area captures beautiful views, making it the perfect space for everyday living and entertaining. The spacious walk-out basement expands your living options as a permitted separate living space or an expansion of living with a large entertainment area, a convenient kitchenette, 2 bedrooms, full bathroom, generous closet space, and a secondary laundry/storage. Major improvements provide peace of mind, including a new furnace, central A/C, electrical system and panel, fresh interior and exterior paint, plus a 5-year-old paid-off solar system for added energy efficiency. Outside, enjoy new sod, three covered patios, an attached storage shed, and an oversized 3-car garage with plenty of room for vehicles, tools, and toys. Perfectly positioned with no neighbors behind or beside the home, this property offers a rare sense of privacy while still being part of a desirable saline pool and golf cart/golf course community. Best of all, there's no metro tax. This is a rare opportunity to own a truly turnkey home where quality craftsmanship and thoughtful updates shine throughout.
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| Jan 19, 2026 | Listed by Bison Real Estate Group | $450,000 | |
| Listed by Bison Real Estate Group | |||
| Sep 18, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017