1618 Hwy 87
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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 |
|---|---|---|---|
| Aug 8, 2023 | Sold | ||
| Sold | |||
| May 19, 2023 | Listed by RE/MAX On The Water - Bolivar | $679,000 | |
| Listed by RE/MAX On The Water - Bolivar | |||
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Oceanfront Home with a buyout lot to the right of the home. Come see this awesome home that technically has two bedrooms, but has a bonus area that acts as the third bedroom with bunk beds. Home easily accommodates 8 people to sleep comfortably. Home comes furnished with kitchen items included. Come take a stroll down the front stair case that puts you steps from the Gulf water! Awesome shelling right out your front door! Storm shutters provide extra security from the weather. Beach front living area with ample deck space. Garage area to put a boat to easily launch from the new public Lauderdale Boat Ramp on Yacht Basin Road is just minutes away to enjoy Bay Fishing!
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Listed On
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About Bolivar Peninsula
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Last Updated: 5 months ago
Data Source: HAR , MLS# 96206928
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017