Lot 22 Alpha Slip Road
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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 |
|---|---|---|---|
| Oct 25, 2023 | Sold | ||
| Sold | |||
| Feb 13, 2023 | Listed by Full Stringer Realty | $149,000 | |
| Listed by Full Stringer Realty | |||
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112 FEET OF BULKHEADED WATERFRONTAGE on this beautiful lot located in the Bay Harbour subdivision. Plenty of room for a boat lift to make those runs to the bays when the fish are biting. Close to town to walk, ride bicycles, or a golf cart to check out the local businesses. This is a deed restricted subdivision for single family dwellings and no rentals. Build your beautiful coastal home in this subdivision and begin making memories in Matagorda. Give us a call or feel free to drive by the lot.
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About Matagorda
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Last Updated: 4 months ago
Data Source: HAR , MLS# 91381355
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017