6818 Portside Drive
About This Property
This beautifully updated five bedroom, three and one half bath home is located on the largest lakefront lot on the cul-de-sac with spectacular views from all the main living areas. Upon arriving you are welcomed by impressive double wood doors. The foyer, living room, formal dining room, family room and kitchen have marble floors. Custom drapery, upgraded lighting, and ceiling fans. The custom kitchen includes granite, stainless steel appliances, double oven and built in closets. The first floor Master suite has custom drapery and built in closets. Master bath has custom cabinets, double sinks, granite counter tops and a separate shower and tub. There are four additional bedrooms and two additional bathrooms located upstairs with a loft. The home is completed by a large pool and oversized yard that is ideal for children or pets.
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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 |
|---|---|---|---|
| Nov 21, 2016 | Sold | ||
| Sold | |||
| Aug 19, 2016 | Listed by Signature Int'l Premier Properties | $649,900 | |
| Listed by Signature Int'l Premier Properties | |||
| Apr 16, 2013 | Sold | ||
| Sold | |||
| Aug 31, 2012 | Listed by Signature Int'l Premier Properties | $599,000 | |
| Listed by Signature Int'l Premier Properties | |||
Property Highlights
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About Newport Bay Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017