1606 SUNSET Drive
About This Property
** Open House 3/17 11:30-2:30 **
The best of everything; No Hoa, back of Cul-de Sac, bike ride to the beach, walk to Cinotti's, Dwight's or the new strings brewery coming soon. Updated Block Construction beach home with Large fenced back Yard with room for pool. AND the largest detached garage they would allow to be built with spray foam, air conditioning and second story storage loft inside. Currently used as a multi purpose office/Garage/Flex space totaling 624 sq ft of extra air conditioned space to use as you please. Concrete is extra thick with fiber and rebar for car lift if desired. Has pre plumbed 220 in ceilings, welding outlet and two high amp outlets that can be used for electric car charging. Wired for internet from the house underground to garage no separate internet service needed. Home and garage connected to whole house automatic generator that will literally run everything. Underground 500 gallon tank also feeds tankless water heater and connections so your grill never runs out. Garage water on well.
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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 10, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | Listed by HERRON REAL ESTATE LLC | $659,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
| Mar 28, 2017 | Sold | ||
| Sold | |||
| Dec 7, 2016 | Listed by HERRON REAL ESTATE LLC | $299,900 | |
| Listed by HERRON REAL ESTATE LLC | |||
| Dec 20, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017