1661 ROBERTS Drive
About This Property
*Price Reduced from a Motivated Seller - Bring your offers! **Open House Sunday 11/7, 11a-2p Super cute home just blocks from the beach! You don't want to miss this one! Enter into the main living area with hardwood flooring that flows to the master bedroom. Newer carpet in the other 2 bedrooms. 2 full baths. Relax on the fully screened back porch. Deep well irrigation system & on the same electrical grid as Baptist Beaches hospital - that's right down the street! Next to Seabreeze Elem, and just blocks from the beach, Sunshine Park, dining & shopping. One owner - home has never been a rental. Well cared for & it shows! This is being sold ''as-is'' and ready for your touch! Come live that beach life!
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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 |
|---|---|---|---|
| Nov 29, 2021 | Sold | ||
| Sold | |||
| Oct 22, 2021 | Listed by BETROS REALTY INC | $489,500 | |
| Listed by BETROS REALTY INC | |||
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017