85 Carmel 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 |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 25, 2026 | Listed by Savvy Way Realty | $399,450 | |
| Listed by Savvy Way Realty | |||
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Located in the highly sought after gated community of Rodeo Palms this meticulously maintained and beautiful home is ready for a quick move in. In the soaring ceilings of the main room you over look one of the many lakes in the neighborhood. There are numerous upgrades throughout the house, including an oversized patio in the backyard, hard surface counters, beautiful tile and a 2.5 stall garage to list a few.
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| Sep 29, 2022 | Sold | ||
| Sold | |||
| May 31, 2022 | Listed by Princeton Classic Homes | $429,990 | |
| Listed by Princeton Classic Homes | |||
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Love where you live in the gated section of Rodeo Palms in Manvel, TX! The Wheeler floor plan is a stunning 2-story home with 4 bedrooms, 3.5 bathrooms, STUDY, and game room! This home includes ALL of the designer finishes you've been looking for + soaring ceilings AND wood-look tile! The gourmet kitchen is sure to please with 42" cabinetry, under cabinet lighting, and quartz countertops! Retreat to the Owner's Suite featuring gorgeous bay window, separate tub and shower, and quartz countertops. Enjoy the great outdoors with a large covered patio and a WATER VIEW! Don't miss your opportunity to call Rodeo Palms home, schedule a visit today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017