2077 Ocean Ridge Circle
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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 |
|---|---|---|---|
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jun 29, 2023 | Sold | ||
| Sold | |||
| Dec 24, 2022 | Listed by Tropic Shores Real Estate LLC | $1,299,000 | |
| Listed by Tropic Shores Real Estate LLC | |||
| Mar 24, 2022 | No longer available | - | |
| No longer available | |||
| Jan 18, 2022 | Listed by Dale Sorensen Real Estate Inc. | $1,500,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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Captivating Oceanridge Retreat. East of A1A Rutenberg-built home recently renovated by Darling Construction w/a new tile roof, tile floors, island kitchen w/top-of-the-line appliances, updated baths, new AC & roof, & marble pool pavers. Open floor plan w/volume ceilings integrates spacious outdoor living area w/pool. Mature oaks & outdoor lighting. Sizes approx./subj to error.
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About South Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017