Section 3 Lot 3 - Block 28
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 15, 2019 | Sold | ||
| Sold | |||
| Jan 9, 2019 | Listed by Keller Williams Realty Jupiter | $10,000 | |
| Listed by Keller Williams Realty Jupiter | |||
| Aug 21, 2018 | Sold | ||
| Sold | |||
| Apr 25, 2018 | Listed by Reef To Ranch Real Estate, Inc | $9,990 | |
| Listed by Reef To Ranch Real Estate, Inc | |||
| | |||
|
Here is a chance to own an investment property in Martin County for under $10,000. This lot is located in Poinciana Gardens just west of US-1 in Hobe Sound. There are currently no paved roads to access the property but when they are added, the payoff could be huge. Similar lots sold for over $40,000 during the 2005-2006 boom. It also has the benefit of being one of the closest lots to the existing developed roads. With low county taxes and no other carrying costs, it makes for an easy and affordable investment.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Hobe Sound
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
- 2 Baths
- 1,304 ft²
$9,000 /mo
- 3 Beds
- 2 Baths
- 1,330 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017