11
Map
5635 RICO Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Listed by Lynn Realty Group | $2,495,000 | |
| Listed by Lynn Realty Group | |||
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Discover an exceptional opportunity in Caribbean Keys with 130 feet of prime deepwater frontage, just one canal off the Intracoastal. Built in 1988, the residence features soaring vaulted ceilings in the living room, family room, and kitchen, along with all hurricane-impact windows, sliders, and garage door. The desirable split-bedroom floor plan includes a spacious, opened-up kitchen with Corian countertops, a new Bosch dishwasher, a newer microwave, breakfast nook, formal dining area, formal living room, and a comfortable family room. The exterior was freshly painted two years ago, and the screened pool and patio area offer an inviting space to relax, complete with a generous covered section and heated pool. Additional highlights include a brick paver driveway, easy mechanical access along the side yard, a quiet cul-de-sac location, Roof (2016), water heater (2018), and two HVAC units with UV lights and ozone (2021 and 2010). An incredible valuetruly a best buy in the community.
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| Mar 7, 2014 | Sold | ||
| Sold | |||
| Oct 18, 2013 | Listed by Keller Williams Realty Service | $800,000 | |
| Listed by Keller Williams Realty Service | |||
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About Caribbean Keys
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017