5911 Palm Drive
About This Property
The home was completely remodeled in 2004 and was brought back to new condition. The roof, air conditioning unit and hot water heater were all replaced in 2004. The kitchen features beautiful custom built cabinets, stainless steel appliances, tiled backsplash and crown molding. The home features carpet and tile flooring throughout as well as many well-placed recessed lights. The master bath features a separate shower and jetted tub.
Don't miss your opportunity to own this great property. It truly has it all. Contact us today to schedule a showing.
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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 |
|---|---|---|---|
| Jan 2, 2019 | Sold | ||
| Sold | |||
| Oct 19, 2018 | Listed by RE/MAX Ultimate Realty | $299,900 | |
| Listed by RE/MAX Ultimate Realty | |||
| Aug 1, 2016 | Sold | ||
| Sold | |||
| Apr 1, 2016 | Listed by RE/MAX Ultimate Realty | $209,900 | |
| Listed by RE/MAX Ultimate Realty | |||
| Nov 6, 2014 | Sold | ||
| Sold | |||
Property Highlights
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017