14 FLAGLER Drive
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 |
|---|---|---|---|
| Jul 9, 2023 | No longer available | - | |
| No longer available | |||
| Jun 28, 2023 | Price Decreased |
$1,100,000
↓ $150K
(12%) | |
| Price Decreased | |||
| Jun 5, 2023 | Listed by Hammock Real Estate Group | $1,250,000 | |
| Listed by Hammock Real Estate Group | |||
| | |||
|
INCOME PRODUCER! This beautiful home has many options for enjoying beachside living while it pays for itself plus! Everything in this home has been completely updated. including a new solar system, tesla charging port, metal roof, AC, appliances, quantize counter tops, kitchens, bathrooms, outdoor shower the list goes on. Home is being sold furnished with a few exclusions.
There is a total of four bedrooms and three full baths with laundry areas on each one. The home offers the opportunity to have two separate rentals featuring two bedrooms, kitchen, laundry and private outdoor living space OR The home can also function as one big home with four bedrooms and three full bathrooms. THIS IS A NO RENTAL RESTRICTION AREA! This is one of the few rental areas that dead end DIRECTLY ONTO THE BEACH! If you desire to earn a lot of money while living at the beach or just have a pure steady income stream without the worries of breakdowns than this is for you. The work is done and this home is turn key ready! This area is one of the only areas that allow this possibility. Located close to Washington Oaks, Bings Landing, winery and restaurants. This neighborhood is in the process of getting new drainage and PAVED roads which will bring even more value to this rare and desirable location! The manager has listed the unit size as 2474 square feet.
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| Jun 21, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Sold | ||
| Sold | |||
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About Flagler
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017