280 PALMETTO 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 |
|---|---|---|---|
| Jun 24, 2019 | Sold | ||
| Sold | |||
| Mar 19, 2018 | Listed by WATSON REALTY CORP | $385,000 | |
| Listed by WATSON REALTY CORP | |||
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Large, eclectic and colorful beach home with pretty pool and deck. Only .4 to Mary Street beach access and .3 to Palmetto Road boat launch. Lots of space upstairs with an open concept. Kitchen has stainless steel appliances, granite, and under cabinet lighting. A sun room off the open area overlooks the pool and opens onto the upstairs deck with treetop views. Two bedrooms, each with a private bathroom, finish the second floor. The master bedroom is oversized w/a large, cedar walk in closet Downstairs, with a private entrance, are two nonconforming bedrooms that share a closet in the hallway. A full bathroom, kitchen, dining room, and living room finish the first floor. Ideal for a Mother-in-law suite or for older children. There is a large one car garage, with extra height, and a long driveway for parking. Home is fenced on a corner lot and is close to beaches, shopping, and entertainment. This home has been lovingly maintained by the owners. No HOA or CDD.
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| May 13, 2016 | Sold | ||
| Sold | |||
| Apr 12, 2016 | Listed by LIGHTHOUSE REALTY ASSOCIATES | $399,000 | |
| Listed by LIGHTHOUSE REALTY ASSOCIATES | |||
| Dec 11, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017