109 Picket Row
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 |
|---|---|---|---|
| Mar 21, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed by Realty Gold Team LLC | $749,900 | |
| Listed by Realty Gold Team LLC | |||
| Jul 18, 2023 | No longer available | - | |
| No longer available | |||
| Jun 4, 2023 | No longer available | - | |
| No longer available | |||
| Jun 3, 2023 | Listed by Cliff Murse Realty, LLC | $888,000 | |
| Listed by Cliff Murse Realty, LLC | |||
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This beautifully updated home with a private dock is perfectly situated on highly desirable Wilmington Island, minutes from Historic Savannah & Tybee Island and offers unobstructed boating to the Intracoastal Waterway and Atlantic Ocean. Legally operating as an active Short Term Vacation Rental, this home is offered fully furnished with future bookings in place. This is an extremely rare opportunity to own, enjoy and earn substantial rental income in one of Coastal Georgia's most beautiful destinations or alternatively to live full time, the enviable coastal lifestyle desired by so many. The 3 bed, 2.5 bath home, includes a large owners suite with a tastefully designed bath and walk in closet, an open concept main level with an upscale kitchen, and a large living and dining room with fireplace and direct access to a sun deck offering perfect low country views and vibes. A lower level offers a screened porch, 2 car garage, private garden and tons of room for water toys & fishing gear. The manager has listed the unit size as 2293 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017