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12430 MITCHELL TERRACE
About This Property
Located on a sailboat-access canal with direct Gulf access, this cul-de-sac property offers strong end-user, seasonal, or rental appeal. Exterior features include a 2-car garage, covered front patio, covered swimming pool, mini storage shed, and a wide backyard with waterfront access. The additional lot provides extra outdoor space, expansion potential, or added privacy rarely found at this price point. Major updates include a 2-year-old roof and 1-year-old A/C, making this property move-in ready with key systems already updated.
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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 |
|---|---|---|---|
| Jul 25, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Price Decreased |
$364,500
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$369,500
↓ $5K
(1.3%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by JOSEPH WALTER REALTY LLC | $374,500 | |
| Listed by JOSEPH WALTER REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017