739 Drum Point Road
About This Property
This beautifully kept home features 4 spacious BRs & 3 full bathrooms, providing ample space for family & guests. The 1st floor boasts gleaming hardwood floors, a modern kitchen with stainless steel appliances & a cozy gas fireplace. The master BR includes a private balcony, perfect for enjoying the serene water views. Large windows, sliding doors to the deck & several skylights flood the home with natural light, creating a bright and inviting atmosphere.
Outside, you'll find an expansive deck ideal for both relaxing & entertaining and a low maintenance yard. The property also includes a two-car garage, providing ample storage and convenience.
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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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Price Decreased |
$899,900
↓ $50K
(5.3%) | |
| Price Decreased | |||
| May 22, 2024 | Listed by RE/MAX Bay Point Realtors | $950,000 | |
| Listed by RE/MAX Bay Point Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017