711 Riverway LN
About This Property
Inside, a welcoming foyer leads to a dedicated office with glass French doors-perfect for working from home or creating a quiet flex space. The open floor plan is designed for everyday living and entertaining, featuring a spacious living room with large picture windows that fill the home with natural light. The kitchen offers crisp white cabinets, a center island, gas cooking, updated light fixtures, and a large pantry for excellent storage. The dining area is surrounded by windows and provides direct access to the covered patio and backyard, making indoor-outdoor gatherings effortless. With no carpet throughout, the home features tile flooring on the main level and laminate upstairs-ideal for easy maintenance and active lifestyles. Upstairs, the oversized primary suite offers a relaxing escape with an ensuite bath and a huge walk-in closet with custom organizers. Two additional large bedrooms, a full bathroom, and a versatile loft provide flexible space for a second living area, game room, or media space. Walking distance to the elementary school and minutes to Devine Lake Park. Shopping nearby. Homes with this much interior space and such a large lot are rare at this price point. Come visit today!
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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 |
|---|---|---|---|
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Listed by Keller Williams Realty | $395,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017