1960 Shipway Avenue
About This Property
The open floor plan features a large kitchen with plenty of counter and cabinet space, and a breakfast bar that look out over the dining and living rooms. The living room is light and bright with large dual pane windows looking out to the back yard. There is also a cool retro den that can be enclosed to create a fourth bedroom, 1 ¾ baths, and a hall with three storage closets.
Also included are the original (never refinished) parquet floors, dual pane windows, newer roof, smooth ceilings, fresh paint, newer forced heating and air, fans in all three bedroom plus the dining room, wood burning stone fireplace, updated electric panel, and a two car garage. All this on a quiet residential street in one of the best neighborhoods in Long Beach.
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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 22, 2017 | Sold | ||
| Sold | |||
| Sep 21, 2017 | Listed by Re/Max R. E. Specialists | $599,000 | |
| Listed by Re/Max R. E. Specialists | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017