112 Santa Monica Drive
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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 16, 2022 | No longer available | - | |
| No longer available | |||
| Sep 12, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2022 | In contract | - | |
| In contract | |||
| Jul 28, 2022 | Price Decreased |
$1,199,500
↓ $51K
(4%) | |
| Price Decreased | |||
| May 28, 2022 | Listed by HomeSmart Stars | $1,250,000 | |
| Listed by HomeSmart Stars | |||
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Brand new Nichols and Judy Custom Builders lake front home in gated Spanish Shores. Open water views with the serenity of a cove. Nearly 100 feet of water front with sea wall.Huge native trees provide shade from western sun.2,626 sq. ft. of single story luxury. Oversized garage for all the water toys. 330 sq. ft. covered patio for outdoor living and dining. Large backyard for kids and grand-kids.New single boat dock with lift and party deck. Wood floors everywhere except for bathrooms. Full KitchenAid appliance suite and full built-in wet bar for entertaining. All bedrooms are ensuite for special guests. Home has gas fireplace, fixtures, and appliances with buried 500 gallon propane tank.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017