121 Flamingo 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 |
|---|---|---|---|
| Nov 2, 2021 | No longer available | - | |
| No longer available | |||
| Oct 8, 2021 | Price Decreased |
$1,388,850
↓ $51K
(3.6%) | |
| Price Decreased | |||
| Oct 1, 2021 | Price Decreased |
$1,439,999
↓ $560K
(28%) | |
| Price Decreased | |||
| Jul 16, 2021 | Listed by Seven Gables Real Estate | $2,000,000 | |
| Listed by Seven Gables Real Estate | |||
| | |||
|
Great opportunity near re-development area to purchase before the development increases prices. Very popular area!! Pride of ownership shows thru out!Master bedroom downstairs with 2 other bedrooms.Added private master suite upstairs.Bathrooms updated.Spacious living room.Kitchen remodeled with cabinets,pull out pantry & corian counter tops.Stainless steel appliances & water conditioning system stay!Vinyl dual pane windows.Covered patio.Tuff shed stays.It's hard to find a part of this home that hasn't been updated!Close to school,freeways & beach! Neighborhoods: San Luis Rey Estates 09 Equipment: Dryer,Garage Door Opener, Range/Oven, Shed(s), Washer, Water Filtration Other Fees: 0 Sewer: Sewer Connected Topography: LL The manager has listed the unit size as 1798 square feet.
| |||
| Oct 24, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017