249 SE 3rd Terrace
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Dec 27, 2023 | Listed by Lang Realty/BR | $1,195,000 | |
| Listed by Lang Realty/BR | |||
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Waterfront Gem! 3 bedroom, 2 bath, waterfront Ranch just minutes to the Atlantic Ocean. Home boasts designer upgrades with Aga refrigerator and 5-burner gas stove w/ matching hood and pull-out pot filler, 2 Viking dishwashers, Kohler farmhouse porcelain sink, stone backsplash, white granite counter-top on island seats 8 people. Pull-out lower drawers, separate bar with pantry and glass-front cabinets. Impact windows throughout, custom blinds, plantation shutters and a 24 bottle wine holder. New 70' Weatherboard dock and upgraded seawall 2022/2023. New 16,500lb four post lift and Florida Historic Shed w/ electric. Plenty of storage w/ paver tiles on both sides of the home. bead board, ample high-hats, high-end ceiling fans, on-demand gas hot water heater.
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| Aug 19, 2015 | Sold | ||
| Sold | |||
| Mar 24, 2015 | Sold | ||
| Sold | |||
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About Garden Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017