11348 Beachside 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 |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Feb 10, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by Janke & Co Properties | $395,000 | |
| Listed by Janke & Co Properties | |||
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2nd Row 9,100sf Beach View lot in highly sought-after luxurious Beachside Village on Galveston Island. This lot is located in the newly developed section where there is a walking path around the manmade lake water feature. The lot is located 6 lots from the east side of interior existing beautiful homes of Beachside Village and faces north/south for both Gulf and lake views! . Strong design standards requiring continuity while allowing room for creativity are the foundation of Beachside Village – metal roofs, large decks, fencing, landscaping, and attractive colors create an appealing visual within the neighborhood. Beachside Village has been a beach paradise to homeowners as well as short term rental investors. Water VIEWS front and rear of the property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017