59663 Sunway Drive
About This Property
This flowing ranch-style home features an updated wood-burning stove, creating a cozy, inviting atmosphere. Privately set yet conveniently close to town, you can take in the stunning surroundings from multiple spots - whether you're relaxing on top of the hill overlooking the valley or enjoying the peaceful sitting area under the covered pergola next to the mini barn. There's plenty of room for expansion, and the property may offer potential for horses. A unique opportunity to enjoy serene desert living with endless possibilities!
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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 28, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Price Decreased |
$379,900
↓ $20K
(5%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$399,900
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jan 11, 2026 | Price Decreased |
$409,900
↓ $40K
(8.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017