271 Palmetto 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 |
|---|---|---|---|
| Jan 11, 2024 | Sold | ||
| Sold | |||
| Dec 17, 2023 | In contract | - | |
| In contract | |||
| Dec 12, 2023 | Listed by COLDWELL BANKER REALTY | $199,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Opportunity to rebuild or start new. Sold in AS IS CONDITION. Home has been heavily damaged by Hurricane Ian. This home is UNINHABITABLE in the current condition. Wind from the storm took off the roof and windows. Home is down to studs with solid foundation with terrazzo and frame work, electric and plumbing exist. Oversized lot in a hot neighborhood of South Venice. No deed restrictions with access to the South Venice boat ramp and ferry just a few blocks away. Home was originally a 2 bedroom 1 1/2 bath layout with screened Florida room, interior laundry and great room floor plan with attached single car carport and extended parking pad. Great opportunity and an awesome neighborhood. No deed restrictions, perfect to keep your boat or RV.
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| Nov 24, 2021 | Sold | ||
| Sold | |||
| Oct 16, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017