1240 Gulfstream Way
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 |
|---|---|---|---|
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Jun 27, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $610,000 | |
| Listed | |||
| | |||
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Enjoy the island lifestyle on beautiful Singer Island. Just steps away from the Atlantic Ocean with access via deeded pathway. Light and bright with a tropical feel. This homes offers three bedrooms, two baths (one accessible from pool area), separate office, two car garage, heated pool, large screened lanai with a spacious rear yard. Home has a newer metal roof (2006), newer AC 2017, updated kitchen with granite countertops and spacious paver driveway with room for extra parking. The manager has listed the unit size as 1808 square feet.
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| Apr 10, 2018 | Listed by Illustrated Properties LLC (Singer Island) | $610,000 | |
| Listed by Illustrated Properties LLC (Singer Island) | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017