20 Vip Island #B
About This Property
The manager has listed the unit size as 400 square feet.
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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%.
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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 26, 2020 | Sold | ||
| Sold | |||
| Jan 23, 2020 | Listed | $140,000 | |
| Listed | |||
| |||
|
Ugly home in a beautiful location seeks new owner to bring back to life! This riverfront home sits on VIP Island in the Indian River. Accessible by boat only This home has been cleaned out, and is ready to be cleaned up! Beautiful landscaping surround the home as well!
| |||
| Oct 3, 2019 | No longer available | - | |
| No longer available | |||
| Aug 30, 2019 | Price Decreased |
$180,000
↓ $10K
(5.3%) | |
| Price Decreased | |||
| Apr 10, 2019 | Relisted | $190,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/27/2021
| |
Loft
|
-
|
-
|
$265,000
Loft
-
|
$265,000
05/20/2022
|
Lauren Labossiere PA
The Boss Team Real Estate Services
|
|
01/23/2020
|
1 Bed
|
1 Bath
|
400 ft²
|
$140,000
1 Bed
1 Bath
400 ft²
|
$122,000
-12.86%
08/26/2020
|
Lauren Labossiere PA
The Boss Team Real Estate Services
| |
|
10/08/2018
|
1 Bed
|
1 Bath
|
400 ft²
|
$200,000
1 Bed
1 Bath
400 ft²
|
-
-
|
-
|
Building Info
About Vacation Island Playground
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,000 /mo
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017