31 Ponce De Leon DRIVE
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 |
|---|---|---|---|
| Mar 26, 2024 | No longer available | - | |
| No longer available | |||
| Mar 11, 2024 | Listed by EXP Realty LLC | $375,000 | |
| Listed by EXP Realty LLC | |||
| | |||
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Motivated seller! NO bank needed! Seller financing is available at 4 percent interest rate! Move in with just the down payment! A special beachside quarter-acre lot, this home has a separate mother-in-law suite that can be rented on its own. The home needs some TLC but essential updates include a 2021 Roof on the main house, 2021 AC and 2021 Water Heater. A great option for someone who wants to live in the main residence and rent out the mother-in-law suite. Or bring the whole family! The heart of the home, a tasteful kitchen, features soft-pull cabinetry and convenient pull-out drawers in the pantry. Butcher block counters and quaint barn door that artfully sections off the kitchen from the second family room. The separate guest cottage offers independence and comfort The manager has listed the unit size as 1254 square feet.
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| Feb 23, 2024 | No longer available | - | |
| No longer available | |||
| Feb 3, 2024 | Price Decreased |
$359,900
↓ $15K
(4%) | |
| Price Decreased | |||
| Jan 3, 2024 | Price Decreased |
$375,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017