635 Southside Drive
About This Property
The quaint 2 bedroom, 2 bath home got a full renovation in 2015, with over 1,450 square feet of living space once you count the Florida room and the enclosed porch. Granite counters and black appliances in the kitchen, vaulted ceilings in the living area, wiring already run for speakers, and a dog bath tub and utility sink for whatever your hunting buddy rolled in this time. Out back, an above ground pool and an attached metal carport give you somewhere to cool off and somewhere to park the truck, the boat, or both. This is also a homestead that takes care of itself. A Generac generator, 8,000 watts, runs the house except the HVAC, backed by an underground 1,000 gallon propane tank already about 80 percent full, because somebody plans ahead. The metal roof carries a 50 year rating, with just 17 years on the clock so far. HVAC is 6 years old, wiring is copper, and there's no polybutylene in the plumbing. The electric water heater is 20 years old, earning a little side eye, but it's reported working just fine. Water runs through Holt Water, and septic was serviced 2 years back. Exterior cameras, a video doorbell, and a driveway chime watch the comings and goings, and a termite bond and home warranty both transfer. No HOA, no CCRs, and short term rentals are allowed, plus future subdivision potential if you want more. There are no shared driveways, walls, or fences, and no known encroachments, boundary disputes, zoning violations, or open permits to worry about. The private road gets graded occasionally by a neighbor doing you a favor, rustic charm depending on your mood. Owners report no water intrusion, flooding, or flood claims, and flood insurance isn't required.
Call the listing agent for more details or to request a tour.
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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 |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by Dalton Wade Inc | $310,000 | |
| Listed by Dalton Wade Inc | |||
| Jul 14, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017