31 Southpointe Drive
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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%.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 5, 2020 | Sold | ||
| Sold | |||
| Apr 9, 2020 | Listed | $459,000 | |
| Listed | |||
| | |||
|
PARADISE FOUND!!! Beautiful 3 Bedroom 2 Bath 2 Car Garage Southpointe Home with Pond & Golf Course Views (Well Maintained by Original Owners) located in Desirable Ocean Village. 3rd Bedroom is being used as a Den, but can be converted back to Bedroom. Tiled throughout, updated kitchen with granite counters & breakfast nook, Newer AC/Water Heater & Much More. Ocean Village is an Award Winning gated oceanfront community with many amenities: 24 hour security, 9 hole 3 par executive golf course, heated pools, 10 tennis (hard & clay), fitness center, shuffleboard, bocce ball, pickleball, poolside Tiki bar, Oceanfront Restaurant, 3000 ft. of Beautiful Beaches. Enjoy all that Ocean Village & S. Hutchinson Island have to offer!!! The manager has listed the unit size as 1743 square feet.
| |||
| Feb 19, 2020 | Listed by Coldwell Banker Paradise | $459,000 | |
| Listed by Coldwell Banker Paradise | |||
Property Highlights
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017