7 Sheila Drive
About This Property
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by CR Premier Properties | $275,000 | |
| Listed by CR Premier Properties | |||
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Deadline for best and final offers: Monday, 9/8 at 8:00 PM with a decision being made on Tuesday. Classic Cape-style home offers an inviting open floor plan with a spacious living area, 2 bedrooms upstairs, open floor plan, updated kitchen, bath, newer heat, windows and new roof (2025). A brand-new septic system is in the process of being installed, offering buyers peace of mind and long-term value. Set on over an acre of wooded land on a quiet no-outlet road offering privacy. Enjoy the benefit of several deeded access points to the nearby lake, making it easy to take advantage of the area’s recreational opportunities. Solid home with great potential and close to major routes for the commuter.
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| Mar 31, 2017 | Sold | ||
| Sold | |||
| Nov 9, 2016 | Listed by Great Homes Real Estate, Inc. | $84,640 | |
| Listed by Great Homes Real Estate, Inc. | |||
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Address: 335 Madison Avenue, New York, NY 10017