216 LOCUST AVENUE
About This Property
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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 |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Apr 11, 2025 | Listed | $289,000 | |
| Listed | |||
| | |||
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Charming One Level Living!! 3 bedrooms, 2 bath home with large fully fenced yard perfect for relaxing, entertaining and gardening. Recent updates include Flooring, Stainless steel appliances, granite countertops and painting throughout! Perfect property for full-time or part-time living in the Riverfront town of Colonial Beach! Bring your golf cart, as Colonial Beach is an approved golf cart accessible community, and this home is an easy ride to town, public beaches, shopping, and dining. New roof (2020), newer deck, newer vapor barrier in crawl space, hardwood floors, spacious eat-in kitchen, and large rear enclosed porch, perfect for relaxing with a morning coffee. The backyard includes mature trees, shed for your outdoor storage needs and plenty of garden space! As an added bonus, the low maintenance front yard has Zoysia grass, which is weed resistant and very low maintenance. This home has been lovingly maintained and is ready for a new owner to call it home!! Minutes to the beach, 20 minutes to Dahlgren Naval Base, 30 Minutes to Bowling Green/A.P. Hill, and 30 minutes to Fredericksburg. Easy access to Maryland via the Harry Nice Bridge. This home is a must see!!! Schedule your showing today!
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| Aug 31, 2023 | Sold | ||
| Sold | |||
| Aug 2, 2023 | In contract | - | |
| In contract | |||
| Jul 28, 2023 | Listed by United Real Estate Premier | $249,900 | |
| Listed by United Real Estate Premier | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017