11227 Bernice 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%.
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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 |
|---|---|---|---|
| Feb 3, 2022 | Sold | ||
| Sold | |||
| Jan 10, 2022 | Listed by RE/MAX Leading Edge | $475,000 | |
| Listed by RE/MAX Leading Edge | |||
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BEACHSIDE BEAUTY WITH GULF VIEWS! This is a 2nd row house in Sunny Beach only steps to the beach. This 2 bedroom, 2 full bath home has a galley kitchen, updated with granite countertop, and plenty of cupboard space. Everything is on one floor, nook for dining table. The primary bedroom has a full bath with tiled shower. Stackable washer/dryer included. High ceilings to make the living area feel very spacious - Perfect for what your looking for in a Gulf view property. Great rental potential, perfect weekend getaway home, or live full time and be able to watch the waves all day long. This home is being offered furnished, has a covered deck, and under the home a picnic table to gather and enjoy your outdoor space. Fresh, bright, Light - Make your appointment to view today, it won't last long!
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| Aug 1, 2021 | No longer available | - | |
| No longer available | |||
| Jul 21, 2021 | Price Decreased |
$475,000
↓ $50K
(9.5%) | |
| Price Decreased | |||
| Jul 7, 2021 | Listed by Sand `N Sea Properties | $525,000 | |
| Listed by Sand `N Sea Properties | |||
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You must see this 2nd row vacation home, single level, with quick beach access! Cool colors & contemporary styling create a relaxing retreat for a small family or multiple couples. An updated galley-style kitchen with granite countertops and stainless steel appliances allows you to prepare fresh Gulf seafood or just enjoy your morning coffee and cereal with ease. Enjoy a movie on the large flat-screen television or relax with a good book on the covered deck. When you're ready to dip your toes in the water, just walk a few steps to the beach and enjoy all that the Galveston coast has to offer! Replaced air-conditioning inside and out, September 2019, also hot water heater was replaced in 2020. This is a Rental property with Sand ‘N Sea Properties, Leisure time. The manager has listed the unit size as 832 square feet.
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Property Highlights
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About Sunny Beach
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Last Updated: 6 months ago
Data Source: HAR , MLS# 36336797
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017