656 Stovall Drive
About This Property
Discover the perfect blend of modern elegance and coastal living in this stunning new construction home! Nestled in a desirable gated community, this single-story, three-bedroom, two-bathroom retreat offers an inviting open-concept layout designed for effortless living. The gorgeous kitchen features a striking backsplash, modern finishes, and ample counter space. Luxury vinyl plank flooring flows throughout the main living areas, while the bedrooms offer lush carpeting for added comfort. Abundant windows fill the home with natural light, creating a warm and airy ambiance. Outside, a large, oversized driveway provides plenty of parking space for you and your guests. Plus, you're just a short stroll from the community swimming pool and boat ramp, perfect for enjoying sunny coastal days. Don't miss this opportunity to own a beautiful new home in a new home in a secure and welcoming neighborhood!
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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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Nov 17, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Price Decreased |
$249,000
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Jun 15, 2025 | Price Decreased |
$269,000
↓ $4K
(1.5%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$273,000
↓ $13K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017