588 MEADOW CREEK Drive
About This Property
Now, step inside your practically new Braden floor plan home. The open layout with 5 bedrooms, 4.5 baths, and a bonus space offers room for everyone. Need a home office or teen retreat? This home has both! Unwind on your covered lanai overlooking a serene preserve - perfect for future poolside relaxation. Inside, the gourmet kitchen features stunning quartz countertops, and the luxurious touches extend to the bathrooms.
The first floor features the primary suite, two additional bedrooms, the teen retreat, pocket office and a guest suite. Upstairs is a bonus room and a fifth bedroom and bath. Publix, restaurants, and shopping nearby.
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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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| May 22, 2024 | In contract | - | |
| In contract | |||
| May 20, 2024 | Price Decreased |
$610,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| May 17, 2024 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Feb 3, 2024 | Listed by SLATE REAL ESTATE | $650,000 | |
| Listed by SLATE REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017