17
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217 Surf Road
About This Property
This concrete block beach-side beauty is a 2018 complete renovation. Gorgeous kitchen and baths!
Open floor plan. Pool bath with shower. Trussed porch for outdoor entertaining. Large fenced backyard. Complete Reno ground up to roof, 90% of plumbing to street, mechanicals, electrical inside and out, exterior stucco and all pavers/sprinklers and ground work. All doors/windows and garage door impact wind rated. 230 SF tiles Trussed porch. Insurance w/ wind is 1,300/yr. Termite bond. Room for Boat/RV parking.
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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 |
|---|---|---|---|
| Jul 19, 2019 | Sold | ||
| Sold | |||
| May 20, 2019 | No longer available | - | |
| No longer available | |||
| May 17, 2019 | Listed | $559,000 | |
| Listed | |||
| | |||
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Generating Income up to 70K/yr. Gross.Most desirable beach-side location. 8 houses to direct ocean access.This concrete block beach-side beauty is a 2018 complete renovation. Gorgeous kitchen and baths!Open floor plan. Pool bath with shower. Trussed porch for outdoor entertaining. Large fenced backyard. Complete Reno ground up to roof, 90% of plumbing to street, mechanicals, electrical inside and out, exterior stucco and all pavers/sprinklers and ground work. All doors/windows and garagedoor impact wind rated. Full Insurance w/ wind is 1,300/yr. Termite bond. Room for Boat/RV parking. The manager has listed the unit size as 2100 square feet.
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| May 6, 2019 | Listed by Prominent Properties of FL,LLC | $538,000 | |
| Listed by Prominent Properties of FL,LLC | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
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About Romac
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017