17
Map
8 TROPIC LAKE Way
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 |
|---|---|---|---|
| Sep 1, 2026 | Listed by Mitchell Real Estate & Financing LLC | $542,000 | |
| Listed by Mitchell Real Estate & Financing LLC | |||
| Apr 25, 2026 | Price Decreased |
$532,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jan 31, 2026 | Listed by Mitchell Real Estate & Financing LLC | $542,000 | |
| Listed by Mitchell Real Estate & Financing LLC | |||
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Elegant 3-bedroom, 2-bath residence tucked away on a quiet cul-de-sac in the prestigious, guard-gated Breakaway Trails community. Offering 2,073 sq ft of refined living space, this thoughtfully designed split floor plan features soaring ceilings, crown molding, and an abundance of natural light. The upgraded kitchen showcases granite countertops, solid wood cabinetry, and stainless steel appliances. Notable improvements include a newer roof and impact-rated windows (2022), The solar panels are fully paid, and a new water heater (2024). The expansive primary suite offers dual vanities, a soaking tub, walk-in shower, and generous walk-in closets. Enjoy private outdoor living in the screened patio with hot tub and outdoor kitchen. Oversized garage with workshop.
Breakaway Trails offers resort-style amenities including a clubhouse, community pool, and beautifully maintained grounds, all conveniently located near beaches, shopping, dining, and major roadways. This home is a must-see.
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| Nov 21, 2024 | Listed | $542,000 | |
| Listed | |||
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This delightful 3-bedroom, 2-bathroom home, located at the end of a peaceful cul-de-sac, combines comfort and style in the highly desirable Breakaway Trails community. The home features granite countertops in both the kitchen and bathrooms, a spacious master bath with a large tub and walk-in closet, and a cozy family room with a charming fireplace. The kitchen boasts brand-new soft-close drawers and sleek granite countertops. The roof was replaced in 2022, ensuring peace of mind for years to come. Brand new, fully paid solar panels provides excellent energy savings, and the water heater is also new as of 2024.
This home has plantation shutters throughout, push-button lighting for added convenience and elegance, and a sprinkler system for easy lawn maintenance. Step outside to a screened-in patio featuring a hot tub spa and an outdoor kitchenette with a refrigerator, sink, and granite countertops. Additional highlights include an electric awning, ceiling fans throughout and an extended two-car garage with a workshop and privacy screen.
The Breakaway Trails community offers a gated entrance, soccer field, playground, pavilion, four tennis courts, and a clubhouse with a large pool. The quarterly HOA dues are $415.
Schedule a showing today and make this stunning home yours!
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| Aug 17, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017