928 Iris 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 |
|---|---|---|---|
| Jun 23, 2020 | Sold | ||
| Sold | |||
| Jun 19, 2020 | Listed by Regency Realty Services | $2,199,999 | |
| Listed by Regency Realty Services | |||
| Aug 3, 2019 | No longer available | - | |
| No longer available | |||
| May 18, 2019 | Price Decreased |
$2,249,000
↓ $50K
(2.2%) | |
| Price Decreased | |||
| Jan 28, 2019 | Listed | $2,299,000 | |
| Listed | |||
| | |||
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GORGEOUS SOUTHERN EXPOSURE 5 BR DEEPWATER RESIDENCE ON A WIDE CANAL IN HIGHLY DESIRABLE TROPIC ISLE! NO FIXED BRIDGES TO THE OCEAN. THIS OPEN CONCEPT HOME WITH 2-STORY VOLUME CEILINGS IS FANTASTIC FOR ENTERTAINING, BOTH INSIDE AND OUT! SPACIOUS GOURMET KITCHEN WITH ALL THE FEATURES YOUR HEART DESIRES PLUS CONVENIENT EAT-IN BANQUETTE SEATING. OUTDOOR CALIFORNIA KITCHEN IN YOUR TROPICAL BACKYARD OASIS. NEW LED LIGHTING INSIDE AND OUT. CUSTOM SHELVING IN ALL CLOSETS AND 2ND UPSTAIRS LAUNDRY RECENTLY ADDED. ENTIRELY HURRICANE IMPACT GLASS FOR PEACE OF MIND DURING STORMS. HOME FEATURES MARBLE AND GRANITE THROUGHOUT, FIREPLACE, WET BAR, 3- CAR GARAGE & 2 VERANDAS OVERLOOKING THE TROPICAL POOL. NEW DOCK RECENTLY INSTALLED AND 15K LB BOAT LIFT. COME SEE YOUR BOATER'S PARADISE TODAY! See Supplement The manager has listed the unit size as 5223 square feet.
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017