29 Long Beach
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 30, 2008 | Sold | ||
| Sold | |||
| May 22, 2008 | Listed by RE/MAX At The Coast | $349,000 | |
| Listed by RE/MAX At The Coast | |||
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Long Beach Cottage (Mermaid) LEASED LAND - SEASONAL USE ONLY - 4 bedroom, living room, dining room with fireplace, kitchen, large back deck with second floor deck with ocean and beach views. SPECIAL - COZY 2nd row Rare opportunity - Steps to Amazing LONG BEACH call for more details Land lease cost of $1467.95 - Balance of sewer betterment (apx $7500) to be assumed by Buyer.
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