1537 Blue Water Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 5, 2024 | Sold | ||
| Sold | |||
| Jun 9, 2024 | In contract | - | |
| In contract | |||
| Feb 28, 2024 | Listed by eXp Realty LLC | $324,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
Welcome to your water front oasis! 1537 Blue Water is a recently updated 3 bedroom, 2.5 bath open concept property with expansive waterfront views. Recent updates include new flooring, fresh interior paint, & beautifully updated primary bathroom. This home has plenty of room to enjoy with your family and friends and even has RV hookups. The lower level of the property features plenty of storage space, outdoor space, & an enclosed area for those who love to host or relax. Bring your boat to tie up along the bulkhead which also features electricity & water. Ideally located where you can hop in your boat to enjoy a cruise through Oyster Creek, or continue on to make a quick trip to the ICW, other bays, & the Gulf of Mexico. This property allows you to enjoy it all! As part of the Hide-A-Way community, you can enjoy amenities such as a clubhouse with pool table & shuffle board table, gated pool, dog park, playground, & boat ramp. List of updates is available. This property is a must see!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017