887 Driftwood Lane
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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 |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jun 6, 2023 | Listed by eXp Realty, LLC | $239,000 | |
| Listed by eXp Realty, LLC | |||
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Cute starter home or investment property in Saltgrass Crossing. This home offers an open concept feel. The master bedroom is on the opposite side of the house, giving you extra privacy and space. Two additional bedrooms designed with their own separate quarters at the front of the home containing a full bath between.
The master bedroom has a huge walk in closet that won't disappoint. Large backyard with a covered porch which offers a great area for outside entertainment or kids to play. Last summer, home was remodeled with all flooring replaced and no carpet in home.
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| Apr 29, 2022 | Sold | ||
| Sold | |||
| Mar 24, 2022 | Listed by Styled Real Estate | $215,000 | |
| Listed by Styled Real Estate | |||
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Cute starter home or investment property in Saltgrass Crossing. This home offers an open concept feel. The master bedroom is on the opposite side of the other 2 bedrooms giving you extra privacy and space. The master bedroom has a huge walk in closet that won't disappoint. Great sized backyard with a covered porch which offers a great area for outside entertainment and for kids to play. Home has great potential with a little TLC and a new family to make it their own.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017