302 Bay Avenue
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 |
|---|---|---|---|
| Dec 11, 2023 | Sold | ||
| Sold | |||
| Sep 13, 2023 | Listed by Land Shore Realty Group | $349,000 | |
| Listed by Land Shore Realty Group | |||
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Perfectly situated, this spacious home features long-range water views of the Gulf, Wetlands, and Bay. Begin each day with a sunrise on one of the 4 decks and wind down with breathtaking sunsets. The main level offers 2 bedrooms with their own entrance from the deck and a shared guest bathroom. These rooms have the flexibility to be a private Airbnb rental or fully integrated living spaces. Upstairs are 2 spacious rooms, 2 decks, full bathroom, and multiple closets. Additional highlights include a climate-controlled storage room on the main deck, ground-level storeroom, 50 amp RV plug, and multiple driveways for boat and RV parking. Recent updates: New windows and a reroof as of 2021, AC in 2018 with 10-year warranty, and spray foam under the house. Easy beach access via the Bay Ave access road, and the public Boat Launch is just down the road. Close to Crabbing Pier, fishing, Stahlman Park, and more. Reach out with any questions. This may be the one you've been looking for!
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About Surfside Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017