116 Ocean Avenue
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 |
|---|---|---|---|
| Nov 7, 2018 | Sold | ||
| Sold | |||
| Sep 7, 2018 | No longer available | - | |
| No longer available | |||
| Aug 8, 2018 | Listed | $599,000 | |
| Listed | |||
| | |||
|
Beautifully Updated 3 Bedroom Ranch With Open Floor Plan Featuring A Large Living Room, Dining Room & Eat-In-Kitchen W/Breakfast Island. Master Bedroom With Walk-In-Closet And Gorgeous Mba With Jet Tub And Separate Shower Stall, 2nd Br W/Bath, 3rd Bedroom Currently Be Used As Dr & Homeowner Will Put Wall Back If Requested, Half Bath, 3 Zone Sound System, Porcelain Tiled Throughout, Sliders From Kitchen To Paver Patio And Over Sized Private Backyard. Professionally Landscaped.
| |||
| Jun 29, 2018 | Listed by Exit Realty Dreams | $599,000 | |
| Listed by Exit Realty Dreams | |||
| Feb 8, 2013 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
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About Massapequa
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
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- 1,953 ft²
$4,200 /mo
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Data Source: OneKey MLS
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