5678 Waterfall Place
About This Property
Enjoy serene water views from the home's true showpiece--an OVERSIZED SCREENED-IN LANAI, perfect for relaxing, entertaining, and year-round outdoor living. The interior features tile flooring throughout the main living areas, vinyl flooring in all bedrooms, and an upgraded kitchen with granite countertops, and crown molding ideal for everyday living and hosting guests. Crystal Bay offers resort-style amenities including a community pool, fitness center, and dog park. The active HOA hosts food trucks and neighborhood events, fostering a strong sense of community. The seller's loan may be assumable at 5.75% (buyer to verify). Conveniently located near US-, this home offers exceptional value, lifestyle, and lakefront living.
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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 |
|---|---|---|---|
| Apr 22, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$370,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Feb 2, 2026 | Price Decreased |
$380,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Jan 13, 2026 | Price Decreased |
$384,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017