5583 BROAD DR
About This Property
Outside, a large deck offers water views and cooling natural shade from several mature trees. The attached 2-car garage with an overhead storage area with workbenches and cabinets for outdoor projects, as well as an attached carport for more covered parking. Rounding out the exterior is a large pole building to store your RV, boat, yard equipment or car collection. Large driveway for when family and friends visit offers plenty of parking. The front porch invites plenty of space for rocking chairs to enjoy the evening breezes and fabulous sunsets. The yard offers mature trees, bedding areas and shrubs. Enjoy relaxing walks in the yard down to the dock. Seize this rarely available opportunity to live on the water and start making memories that will last a lifetime!
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Price Decreased |
$535,000
↓ $34K
(6%) | |
| Price Decreased | |||
| Nov 9, 2024 | Price Decreased |
$569,000
↓ $31K
(5.2%) | |
| Price Decreased | |||
| Oct 18, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $599,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017