151 Sims Creek Lane
About This Property
This diamond in the rough offers a unique opportunity for those with a vision. With a little elbow grease, you can transform this property into your dream home. Boaters will appreciate the free dockage on a first-come, first-served basis. Ideally located, this home is close to top-rated schools, world-class dining and shopping, and stunning beaches like Jupiter Beach and Juno Beach. The turquoise waters of Jupiter Inlet provide unparalleled opportunities for snorkeling, fishing, and water adventures, making this home a perfect blend of luxury, convenience, and coastal charm. All for a low quarterly fee of $493.
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed | $480,000 | |
| Listed | |||
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Unlock the Potential of This 3-Bedroom, 2-Bathroom Handyman Special!This diamond in the rough offers a unique opportunity for those with a vision. With a little elbow grease, you can transform this property into your dream home. Boaters will appreciate the free dockage on a first-come, first-served basis. Ideally located, this home is close to top-rated schools, world-class dining and shopping, and stunning beaches like Jupiter Beach and Juno Beach. The turquoise waters of Jupiter Inlet provide unparalleled opportunities for snorkeling, fishing, and water adventures, making this home a perfect blend of luxury, convenience, and coastal charm. All for a low quarterly fee of $493.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017