2246 Magans Ocean
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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 |
|---|---|---|---|
| Dec 3, 2024 | No longer available | - | |
| No longer available | |||
| Nov 25, 2024 | Listed by Alex MacWilliam, Inc. | $1,349,000 | |
| Listed by Alex MacWilliam, Inc. | |||
| | |||
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Welcome to this coastal oasis, just 3 houses from the beach! Exuding charm, this 2089 sqft 3 bed/3 bath modern abode boasts updates throughout, including a brand new AC. The open floor plan & vaulted ceilings allow light to permeate through the home creating a cheery & inviting atmosphere. With 2 primary suites convenience & comfort are never compromised. Enjoy ocean views from the upstairs porch & bedroom. Entertain guests or bask in the sun beside the saltwater pool equipped with sun shelf. This home features central vac, irrigation, well, metal roof, impact windows/doors, & low HOA fees.
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| May 24, 2023 | Sold | ||
| Sold | |||
| Apr 29, 2022 | No longer available | - | |
| No longer available | |||
| Apr 28, 2022 | Relisted | $1,700,000 | |
| Relisted | |||
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About South Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017