1559 COMMUNITY Point
About This Property
This home on a beautiful riverfront lot with 110 feet of riverfront on .64 acres and includes a large personal boat slip on the community dock. The home was built by local custom builder Ashley Homes and features a three-car garage, a grand entrance with staircase over-looking foyer, large open kitchen cafe with river views and luxury vinyl plank flooring throughout main floor. Main floor office and separate dining room, pool bath. Two owners' retreats, one on main floor with bay window overlooking the river with oversized bath and closet, with second owners retreat upstairs, along with two additional bedrooms and bonus room with wet bar and half bath attached attached
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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 |
|---|---|---|---|
| Sep 16, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by NON MLS (realMLS) | $1,139,144 | |
| Listed by NON MLS (realMLS) | |||
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About Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017