1200 E River Dr
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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 |
|---|---|---|---|
| Feb 1, 2021 | Sold | ||
| Sold | |||
| Dec 11, 2020 | Listed by Mac Realty Group Inc | $315,000 | |
| Listed by Mac Realty Group Inc | |||
| | |||
|
Introducing a classic pearl in the heart of Margate! NO HOPA or HOA! This three bedrooms / two baths beauty has been fully renovated to include an updated kitchen with large countertops, new stainless steel appliances, fully updated bathrooms, new laminate flooring and recess lighting throughout. Relax on the beautiful porch and entertain friends and family in the backyard, big enough for a pool. Carport can park a car or a boat. House recently painted. New AC and water heater installed 2019. All windows are hurricane impact, no more darkening shutters, during the storm! Desirable neighborhood with huge corner lot for children and dogs to play. Large shed in back for storage. Close to great schools and shopping. Community library is around the corner. Hurry, home won't last!
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| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 17, 2020 | Price Decreased |
$299,999
↓ $15K
(4.7%) | |
| Price Decreased | |||
| Mar 9, 2020 | Listed by Charles Rutenberg Realty LLC | $314,900 | |
| Listed by Charles Rutenberg Realty LLC | |||
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About Margate Gardens
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$2,650 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017