11226 Bernice Drive
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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%.
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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 |
|---|---|---|---|
| May 23, 2023 | Sold | ||
| Sold | |||
| Sep 22, 2022 | Listed by Berkshire Hathaway HomeServicePremier Properties | $849,000 | |
| Listed by Berkshire Hathaway HomeServicePremier Properties | |||
| Jul 17, 2020 | Sold | ||
| Sold | |||
| Jan 16, 2020 | Listed by Advance Regional Agency LLC | $575,000 | |
| Listed by Advance Regional Agency LLC | |||
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This custom built 2nd row beach house features an open concept contemporary floor plan with lots of natural light. Custom constructed with 6"x6" braces & 12"x12" pilings, his house is built like a fort. The walls are constructed with 2"x6" and 2"x8" studs. There is even a plywood "sheer" wall that extends the width of the house. Large master bedroom with garden tub and it's own private balcony. Has approx. 5 years of vacation rental history.
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About Sunny Beach
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$2,150 /mo
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$2,650 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017