2403 Bay Drive
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 |
|---|---|---|---|
| Jun 28, 2019 | Sold | ||
| Sold | |||
| Jan 4, 2019 | No longer available | - | |
| No longer available | |||
| Jan 2, 2019 | Listed by Smart Property Moves LLC | $890,000 | |
| Listed by Smart Property Moves LLC | |||
| Sep 16, 2018 | No longer available | - | |
| No longer available | |||
| May 14, 2018 | Listed | $890,000 | |
| Listed | |||
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TAKE A LOOK AT DRONE VIDEO UNDER VIRTUAL TOUR TO GET AMAZING PERSPECTIVE OF THIS LOCATION.This property is very unique! Great use of indoor and outdoor space. The lush landscaping, refreshing pool and spa, and outdoor lounging areas will transport you to your own little paradise.The center of this home is an open-aired courtyard. Indoor area is set-up for you to enjoy some solitary time in the extra large bedrooms or decide to mingle in your expansive living area. This home comes with rights to join Hillsboro Shores Improvement Association($350 annually, which includes private beach access. Prepare to enjoy Florida living at its best. PROPERTY IS JUST 1 LOT FROM INLET! OWNER HA The manager has listed the unit size as 1850 square feet.
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About Hillsboro Shores
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$5,000 /mo
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$8,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017