5893 E Adderley Drive
About This Property
As you step through the front door, you'll find a well-designed floor plan filled with natural light. The kitchen opens to the living room and features recessed lighting, stainless steel appliances, and newer flooring. All three bedrooms are spacious, and the bathroom has been updated with new flooring, fresh tile, and a modern vanity.
Additional upgrades include new LVP flooring, mini split AC systems, recessed lighting, fresh interior paint, and more. The park-like backyard is perfect for entertaining, with a deck off the back bedroom, an outdoor kitchen ideal for summer gatherings, a cozy firepit, and a convenient storage shed.
Close to award-winning schools, East Long Beach shopping, and major freeways, 5893 E Adderley Drive checks all the boxes.
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Listed by Dream Life Real Estate | $929,000 | |
| Listed by Dream Life Real Estate | |||
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About East End
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017