2001 Bay Drive
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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 30, 2022 | No longer available | - | |
| No longer available | |||
| May 4, 2022 | Listed by Berkshire Hathaway HomeService | $3,000,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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Recently renovated home in the exclusive beach community of Hillsboro Shores. Oversized corner lot, desirable Bay Drive location. Private Beach access available. This 3 bedroom, 3 full bathroom fully furnished pool home is ready for your full time residence or vacation home. 2 car garage plus a 2 car covered car port. Interior upgrades include all new flooring, new white bright kitchen, all new lighting, barn door, fireplace. Located between Fort Lauderdale and Boca Raton, two miles from I-95 in East Pompano Beach. Walking distance to new Pompano Beach restaurants, fishing pier and Hillsboro Inlet. The manager has listed the unit size as 1835 square feet.
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| Feb 1, 2021 | Sold | ||
| Sold | |||
| Aug 27, 2020 | Listed by One Sotheby's International Realty | $1,100,000 | |
| Listed by One Sotheby's International Realty | |||
| Dec 9, 1998 | Sold | ||
| Sold | |||
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About Hillsboro Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017