183 Patina Boulevard
About This Property
Single story beach cottage features an oversized screened porch flowing into the seamless living/kitchen/dining area. Wood flooring throughout as you travel to the both the guest & master bedrooms, living large in the rear of the home. Rinse off outside in the shower and enter through the side entry door where a sizable laundry room on your left is immediately available for the sandy towels just up from the beach! Outdoor storage shed houses all of your beach toys and a community pool is just 5 lots from the house en route to the beach. Separate outdoor seating areas each offer privacy - Patio with Adirondacks in the back or screened porch in the front nestled among the live oaks. Perfect for your beach retreat, full-time or rental property. Plenty of parking for guests and recently placed on a rental program with first year projections at 41K. Proximity to amenities & location to the beach cannot be beat. Gated beach access is just less than a quarter mile. Further entertainment, shopping & dining in either direction - bike to the HUB or enjoy the restaurants at Seacrest, Rosemary or Alys Beaches.
***Buyer is responsible for personally verifying details about this property. All information contained on the listing is believed to be accurate but not guaranteed. ***
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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 |
|---|---|---|---|
| Jan 23, 2024 | Sold | ||
| Sold | |||
| Jan 10, 2024 | No longer available | - | |
| No longer available | |||
| Dec 16, 2023 | Listed by Davis Properties Of Nw Fl | $869,400 | |
| Listed by Davis Properties Of Nw Fl | |||
| Jan 15, 2019 | Sold | ||
| Sold | |||
| Apr 13, 2018 | Listed by Davis Properties Of Nw Fl | $465,000 | |
| Listed by Davis Properties Of Nw Fl | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017