21
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Lot 29 Shelley South Way
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 6, 2026 | Price Decreased |
$699,000
↓ $51K
(6.8%) | |
| Price Decreased | |||
| Jun 7, 2025 | Price Decreased |
$750,000
↓ $200K
(21.1%) | |
| Price Decreased | |||
| Mar 3, 2025 | Listed by Keller Williams Realty Destin | $950,000 | |
| Listed by Keller Williams Realty Destin | |||
| Mar 11, 2022 | No longer available | - | |
| No longer available | |||
| May 8, 2021 | Listed by Keller Williams Realty Destin | $600,000 | |
| Listed by Keller Williams Realty Destin | |||
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Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 28 is also available adjacent to this parcel. Price is $1M if both lots are purchased together. Buyer to verify all dimensions and details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017