252 Phillips Road
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 |
|---|---|---|---|
| Oct 31, 2018 | Sold | ||
| Sold | |||
| Sep 26, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $499,000 | |
| Listed | |||
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A sure treasure on desirable Phillips Road. Own a home just right across from the beach! This FOUR bedroom ranch offers views of the tranquil and peaceful marsh, knotty pine hardwood floors galore, two 3/4 bathrooms, walk-up attic, full basement, new septic system (8/2018) & roof (2018) Best of all, Deeded Beach Rights! With four bedrooms, this home can sleep plenty of guests offering potential rental income if you wish. The interior has been carefully maintained over the years. Spend your days by the beach and enjoy the sounds of the marsh off your back deck at night. Every summer will be one to remember. The manager has listed the unit size as 1280 square feet.
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| Apr 11, 2018 | Listed by Lucido Real Estate, LLC | $499,000 | |
| Listed by Lucido Real Estate, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017