10 ARMAND BEACH 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 |
|---|---|---|---|
| Apr 25, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | Listed by EXP REALTY LLC | $690,000 | |
| Listed by EXP REALTY LLC | |||
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Unlock investment income with this turnkey coastal home, currently functioning as a short-term rental! No HOA or CDD. This fully furnished gem is operating at a 11% cap rate with $151k Total Gross Revenue over the past 2 years. Currently furnished for 8 guests to comfortably stay. Smart locks, furniture, decor, and supply closets are functional, making this a quick-start investment opportunity. Smart locks, furniture, decor, and supply closets are functional, making this a quick-start investment opportunity.
You won't find a home like it! Enjoy the lush garden, inviting upper patio, entertaining theater room, and relaxing hot tub. Quartz countertops in the kitchen and bathrooms, luxury vinyl flooring, and electric fireplace make you feel right at home. Main bedroom includes walk-in closet, ensuite bathroom with double sinks, walk-in shower. Theater room can be converted into garage or work space. Located just 2 mins to beach access. Ready for peak summer rentals!
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| Mar 22, 2022 | Sold | ||
| Sold | |||
| Jan 8, 2022 | Listed by HAMMOCK REAL ESTATE GROUP | $650,000 | |
| Listed by HAMMOCK REAL ESTATE GROUP | |||
| Feb 6, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017