000 N Ocean Dr.
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 |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Mar 14, 2024 | Listed by Kimberly Howell Properties | $200,000 | |
| Listed by Kimberly Howell Properties | |||
| Jan 18, 2024 | No longer available | - | |
| No longer available | |||
| Aug 22, 2023 | Listed by All City Real Estate | $175,000 | |
| Listed by All City Real Estate | |||
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PRIME LOCATION ON MAGNOLIA BEACH across from the public beach, cabanas, public restrooms and basketball court, 1/2 mile from Public Boat Ramp and 1/2 mile to the Public Pier. Property has amazing views of the Bay on one side and breathtaking views of the Wetland on the other. Build your dream coastal home with minimal restrictions. Magnolia Beach is up and coming, great moment to come in to this amazing place. Fisherman's paradise with plenty of places to find fishing holes on the bay or venture off shore with easy access through the Jetties of Port O'Connor. The Sailing competition, Texas 200 ends on Magnolia Beach every year in June. Magnolia Beach is a hidden gem of the Gulf Coast of Texas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017