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31 RIVER SHORE DRIVE
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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%.
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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 |
|---|---|---|---|
| Jul 10, 2026 | Listed by STELLAR NON-MEMBER OFFICE | $320,000 | |
| Listed by STELLAR NON-MEMBER OFFICE | |||
| May 16, 2025 | Listed | $359,900 | |
| Listed | |||
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Looking for a beach house where you can literally just bring your swimsuit, here it is. Decorated with a nautical vibe this home enjoys lots of upgrades, a tasteful new kitchen with stainless steel appliances 2023 (app still under warranty) New floors 2023 plus the major items Roof 2021, HVAC 2022, Septic Tank 2023. Sit in your summer/winter room in total privacy as the back garden is fenced, an attractive gazebo is a great spot to BBQ, & there's an outside shower for washing off the sand when you return from the beach & Tom Renick Park just a short walk away. This is a home needs minimal maintenance giving you lots of time to enjoy your Florida Lifestyle.
Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
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| Jul 5, 2023 | Sold | ||
| Sold | |||
| Jun 15, 2023 | No longer available | - | |
| No longer available | |||
| May 26, 2023 | Listed by Aloha Realty of Florida LLC | $365,000 | |
| Listed by Aloha Realty of Florida LLC | |||
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Amazing beach house in Ormond By the Sea! NEW roof in 2021, NEW 2023 septic tank & drainfield, NEW privacy fence, NEW porcelain tile-plank flooring throughout, NEW AC 2022 and a New Florida room ac! New water heater, fresh interior paint, new interior 2 panel doors, NEW blinds, New epoxy flooring in carport and NEWLY remodeled kitchen. Mature stunning landscaping w/drip lines! Full irrigation, timer and NEW sod! The kitchen features quartzite counters, white shaker cabinetry, NEW sink, faucet and brand NEW stainless steel appliances with a 10 year warranty! This gorgeous beach home is on the one of the most desirable streets with Tom Renick Beach Park at one end and a fishing dock and kayak launch at the other!!! Enjoy the private hot/cold beach shower after a fun day at the beach. The manager has listed the unit size as 996 square feet.
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About Ocean Shores
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STELLAR NON-MEMBER OFFICE
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# J1003999
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