1507 BAY Circle
About This Property
As you enter, the large living room is centered around the wood burning fireplace. The kitchen, which was renovated in 2018, has all matching stainless steel appliances. Durable ceramic tile throughout the common areas and bathrooms. No carpet! Three large bedrooms, one featuring a custom built in bunk bed, perfect kids or guests.
The French Doors bring you out to the massive fully-fenced back yard. The matching lean-to and pavilion provide a shady place to relax during the hot summer days.
The large shed, installed in 2025, gives you a ton of functional storage space. Architectural shingle roof installed in 2018 for added peace of mind. Seller open to negotiating hot tub. Schedule your showing today!
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed by UNION PROPERTIES OF GAINESVILLE INC | $283,000 | |
| Listed by UNION PROPERTIES OF GAINESVILLE INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017