8824 Palm River Drive
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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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Dec 30, 2024 | In contract | - | |
| In contract | |||
| May 18, 2024 | Listed by The Keyes Company | $599,000 | |
| Listed by The Keyes Company | |||
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Modified lakefront Mediterranean with the wall down! 2024 style floor plan right here in Valencia Shores! Renovatated from soup to nuts. Be first to live in this luxurious interior. No expense was spared. Beautiful vinyl flooring flows throughout living areas & then stylishly segways into the bedrooms w/an exquisite complementary porcelain tile. The bathrooms are absolute showstoppers! Primary bath has beautiful stand alone tub, porcelain tile walls, frameless glass shower his/her sinks with new cabinety and new quartz countertops., Kitchen is all new,white with solid wood cabinetry,all new stainless appliances ,extended quartz waterfall center island overlooking the entire floor plan with no walls obstructing the wide open view of the floor plan or the lake. Newly landscaped front and Valencia Shores has 2 clubhouses that include a state of art Athletic Center, resistance pool, lap pool, and indoor/outdoor whirlpool, salon, 10Tennis, 6Pickleball, 3Bocce Courts, Pro Shop, Happy Hours! Dine with friends at full Serv Bistro, Best 55+Valencia!
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| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by The Keyes Company | $545,000 | |
| Listed by The Keyes Company | |||
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About Valencia Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017