31 N Ocean 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 |
|---|---|---|---|
| Feb 4, 2023 | Sold | ||
| Sold | |||
| Aug 31, 2022 | Sold | ||
| Sold | |||
| Jun 21, 2022 | In contract | - | |
| In contract | |||
| Jun 2, 2022 | Listed by Kennedy L I Realty | $490,000 | |
| Listed by Kennedy L I Realty | |||
| | |||
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Charming cape located in Islip! This home offers living room, formal dining room, eat in kitchen and bright all season family room! Beautiful pine wood floors throughout the home. Amenities include laundry room in basement, solar panels for super efficient energy and in-ground sprinkler system. Located right off Main Street, this house is just a short distance to Village shopping & dining! Don't miss out on this gem.
| |||
| May 19, 2022 | Listed by Kennedy L I Realty | $490,000 | |
| Listed by Kennedy L I Realty | |||
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About Islip
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017