119 OLD LANDING RD #106E5
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 11, 2024 | Sold | $412,000 | |
Sold | |||
Sep 9, 2024 | In contract | - | |
In contract | |||
Sep 3, 2024 | Listed by Cook Real Estate Brokerage | $424,000 | |
Listed by Cook Real Estate Brokerage | |||
Jan 25, 1991 | Sold to Anthony P Ellis, Lisa A Ellis | $83,500 | |
Sold to Anthony P Ellis, Lisa A Ellis | |||
May 15, 1987 | Sold to Leah Berne | $100,000 | |
Sold to Leah Berne |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/03/2024
|
2 Bed
|
2 Bath
|
974 ft²
|
$424,000
2 Bed
2 Bath
974 ft²
|
$412,000
-2.83%
10/11/2024
|
-
|
Frank Livingston
Cook Real Estate Brokerage
|
|
08/29/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$450,000
2 Bed
2 Bath
1092 ft²
|
$440,000
-2.22%
10/21/2024
|
-
|
Mia McCarthy
Keller Williams Realty Delmarva
|
|
05/16/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$425,000
2 Bed
2 Bath
1092 ft²
|
$412,500
-2.94%
08/16/2024
|
-
|
Mia McCarthy
Keller Williams Realty Delmarva
|
|
03/07/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$410,000
2 Bed
2 Bath
1092 ft²
|
$410,000
04/19/2024
|
-
|
Anthony Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
|
|
02/16/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$435,000
2 Bed
2 Bath
1092 ft²
|
$425,000
-2.30%
03/22/2024
|
-
|
Megan Salsbury
Coastal Life Realty Group LLC
|
|
11/15/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$379,900
2 Bed
2 Bath
974 ft²
|
$380,000
+0.03%
01/08/2024
|
-
|
James Wilson
Wright Real Estate, LLC
|
|
10/30/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$369,900
2 Bed
2 Bath
1092 ft²
|
$369,900
11/30/2023
|
-
|
Wayne Phillips
Coastal Life Realty Group
|
|
10/27/2023
|
|
2 Bed
|
2 Bath
|
-
|
$345,000
2 Bed
2 Bath
|
-
-
|
-
|
Mary McCracken
Ocean City MD
|
10/27/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$345,000
2 Bed
2 Bath
974 ft²
|
$345,000
02/19/2024
|
-
|
Mary McCracken
Ocean City MD
|
|
09/29/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$365,000
2 Bed
2 Bath
974 ft²
|
$345,000
-5.48%
11/17/2023
|
-
|
Salvatore Scuto
RE/MAX Solutions
|
|
09/20/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$450,000
2 Bed
2 Bath
1092 ft²
|
$400,000
-11.11%
10/27/2023
|
-
|
Wayne Phillips
Coastal Life Realty Group
|
|
04/12/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$275,000
2 Bed
2 Bath
974 ft²
|
$300,000
+9.09%
05/10/2023
|
Joan Eisenhardt
CENTURY 21 The Real Estate Centre
|
||
04/15/2023
|
2 Bed
|
2 Bath
|
1144 ft²
|
$449,900
2 Bed
2 Bath
1144 ft²
|
$450,000
+0.02%
05/29/2023
|
-
|
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
|
|
03/15/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$375,000
2 Bed
2 Bath
974 ft²
|
$373,000
-0.53%
04/21/2023
|
-
|
Grace Masten
Sea Grace @ North Beach Realtors
|
|
01/27/2023
|
2 Bed
|
2 Bath
|
974 ft²
|
$399,900
2 Bed
2 Bath
974 ft²
|
$400,000
+0.03%
03/17/2023
|
-
|
Michele Pompa
Coldwell Banker Realty
|
|
11/17/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$329,000
2 Bed
2 Bath
974 ft²
|
$329,000
01/14/2023
|
-
|
Nancy Kalin
Long & Foster Real Estate, Inc.
|
|
03/31/2022
|
|
2 Bed
|
2 Bath
|
-
|
$350,000
2 Bed
2 Bath
|
-
-
|
-
|
Annie Buxbaum
Northrop - Fenwick Island
|
09/02/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$340,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
|
|
09/01/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$389,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Cindy Poremski
Berkshire Hathaway HomeServices PenFed Realty - OP
|
|
07/23/2022
|
3 Bed
|
2 Bath
|
974 ft²
|
$450,000
3 Bed
2 Bath
974 ft²
|
$373,000
-17.11%
04/24/2023
|
Grace Masten
Sea Grace @ North Beach Realtors
|
||
05/26/2022
|
2 Bed
|
2 Bath
|
1092 ft²
|
$425,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
|
Katie Quinn
Berkshire Hathaway HomeService PenFed Realty - WOC
|
|
04/11/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$309,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
|
|
03/11/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$325,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Ryan Haley
Atlantic Shores Sotheby's International Realty
|
|
03/04/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$344,900
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Kelly Neal
R.E. Shilow Realty Investors, Inc.
|
|
02/12/2022
|
2 Bed
|
2 Bath
|
1144 ft²
|
$425,000
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
DAVE LEIDERMAN
Keller Williams Realty
|
|
01/07/2022
|
2 Bed
|
2 Bath
|
974 ft²
|
$279,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
Colleen Cawley
Cummings & Co. Realtors
|
|
10/15/2021
|
2 Bed
|
2 Bath
|
974 ft²
|
$285,000
2 Bed
2 Bath
974 ft²
|
$290,500
+1.93%
11/30/2021
|
Mrs. Kimberly M Dixson
Redfin Corp
|
||
07/24/2021
|
|
2 Bed
|
2 Bath
|
-
|
$279,888
2 Bed
2 Bath
|
-
-
|
-
|
Eileen F Bumba
Greenspring Valley Lutherville
|
11/24/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$244,900
2 Bed
2 Bath
974 ft²
|
$225,000
-8.13%
01/14/2021
|
Cindy Poremski
|
||
10/22/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$220,000
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
|
|
10/16/2020
|
|
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
-
-
|
-
|
-
|
09/30/2020
|
2 Bed
|
2 Bath
|
974 ft²
|
$304,900
2 Bed
2 Bath
974 ft²
|
-
-
|
-
|
-
|
|
07/14/2020
|
2 Bed
|
2 Bath
|
1144 ft²
|
$294,900
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
-
|
|
06/27/2020
|
2 Bed
|
2 Bath
|
1144 ft²
|
$314,000
2 Bed
2 Bath
1144 ft²
|
$294,900
-6.08%
11/20/2020
|
Shierra Houston
|
||
05/22/2020
|
2 Bed
|
2 Bath
|
1092 ft²
|
$289,900
2 Bed
2 Bath
1092 ft²
|
$289,900
|