2494 Bungalo Lane
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 |
|---|---|---|---|
| Mar 8, 2021 | Sold | ||
| Sold | |||
| Jan 3, 2021 | No longer available | - | |
| No longer available | |||
| Dec 31, 2020 | Listed | $599,000 | |
| Listed | |||
| | |||
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Adorable coastal cottage located very near the entrance to The Bungalos on a coveted corner lot. Resort living at its best with a generous screened porch, master bedroom on the main floor, new flooring throughout all the bedrooms, freshly painted inside and out. Crown molding and custom kitchen cabinets with granite counter-tops complete the look. the Offered fully furnished with a very small list of exclusions. The manager has listed the unit size as 1554 square feet.
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| Sep 28, 2020 | No longer available | - | |
| No longer available | |||
| Jun 7, 2020 | Listed by RE/MAX Coastal Properties | $565,000 | |
| Listed by RE/MAX Coastal Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017