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742 Red River 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 |
|---|---|---|---|
| Aug 23, 2026 | Price Decreased |
$32,000
↓ $5K
(13.5%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$37,000
↓ $5K
(11.9%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by Sanchez Realty | $42,000 | |
| Listed by Sanchez Realty | |||
| May 7, 2023 | No longer available | - | |
| No longer available | |||
| May 7, 2021 | Listed by COLDWELL BANKER KEHR/O'BRIEN (P) | $45,000 | |
| Listed by COLDWELL BANKER KEHR/O'BRIEN (P) | |||
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Great location on this cleared lot in Bailey Creek with an 18 hole golf course. Very nice club house with bar area and serving lunch and dinners. 5 minutes to the marina area for boat launching and recreation. There are no HOA fees in this community. Your invitation is open to visit our community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017