145 Patina Boulevard
About This Property
This cute cottage grosses around $47K in rental income. Guests love this sweet vacation home and it's proximity to the pool and beach. Immaculate and very well maintained. New brick paver driveway.
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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 5, 2018 | Sold | ||
| Sold | |||
| Sep 12, 2018 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | Listed | $579,000 | |
| Listed | |||
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Intimate community of Magnolia Cottages by the Sea. Adorable spacious cottage just a short stroll to the beach. It's all about location and this cottage sits next to the community pool. This is one of the larger cottages in Phase 1. 3 bedrooms, each with their own bathroom and 1/2 bath upstairs off the great room. Living and dining is upstairs. Bedrooms are downstairs along with a small extra bunk area. This cute cottage grosses around $47K in rental income. Guests love this sweet vacation home and it's proximity to the pool and beach. Immaculate and very well maintained. New brick paver driveway. The manager has listed the unit size as 1738 square feet.
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| Jul 10, 2018 | Listed by Grayton Coast Properties Inc | $579,000 | |
| Listed by Grayton Coast Properties Inc | |||
| Mar 16, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017