52
Map
261 SE 4th St
About This Property
Abundant natural light, the master bedroom and the living room have direct access to the pool and the tropical landscaping. Open kitchen surrounded by a very generous living area with a living room, dining area and tv room. Porcelain tile floors throughout the entire house, tankless water heater, central AC, gaz. Take the advantage to have a renovating house with new Impact Windows, new Roof, new Seawall, new Boat lift all done in 2024. For your convenience you have 2 car garage and a laundry room. Enjoy a drink contemplating those amazing sunset around the travertine pool deck. Just a minute from shopping, restaurant, beautiful beach, golf, pickleball courts.
Brand new furniture can be sold separately.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Listed by Miami Dream Real Estate | $1,529,000 | |
| Listed by Miami Dream Real Estate | |||
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Price Decreased |
$1,189,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| Jan 3, 2024 | Price Decreased |
$1,199,000
↓ $45K
(3.6%) | |
| Price Decreased | |||
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About Garden Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017