1 Mainsail Cir #1
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 |
|---|---|---|---|
| Sep 15, 2009 | Sold | ||
| Sold | |||
| Mar 16, 2009 | Listed by Seagrass Realty | $253,000 | |
| Listed by Seagrass Realty | |||
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NOTE: The seller has is now offering a $2500 credit for buyers to add new flooring or carpeting. This is the lowest priced unit in Southport. It is a Vineyard model with a great location and significant privacy all around the unit. Standing on the rear deck in summer there are trees all around and great privacy on the deck. The same privacy exists along the side of the unit where large heavily wooded trees prvide more privacy.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/16/2009
|
2 Bed
|
3 Bath
|
1366 ft²
|
$253,000
2 Bed
3 Bath
1366 ft²
|
$237,000
-6.32%
09/15/2009
|
Leonard O Leary
Seagrass Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017