3449 Scenic Hwy 98
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 28, 2023 | No longer available | - | |
| No longer available | |||
| Oct 26, 2023 | Listed by Rosemary Beach Realty, Inc. | $2,599,000 | |
| Listed by Rosemary Beach Realty, Inc. | |||
| | |||
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INVESTORS-You will not find a better opportunity on the market! This property is an ROI unicorn boasting a gross of $275,000 in 2022 and with projections of $304,000 for 2023. Recently renovated with new systems and a focus on rental income and low maintenance offering fun and entertainment for kids, friends, and family, and the beach is right across the street! The main house boasts 5 bedrooms including two master suites and six baths. Each bedroom features its own private bath. Both master baths feature spa baths and separate walk-in showers. The updated kitchen has a brand new Dacor refrigerator, and a new ice maker. New LED light fixtures throughout. The downstairs activity room, which includes a mini kitchen, bar, and full bath could also be used as another bedroom to maximize The manager has listed the unit size as 4567 square feet.
| |||
| Oct 8, 2023 | No longer available | - | |
| No longer available | |||
| May 9, 2023 | Price Decreased |
$2,599,000
↓ $100K
(3.7%) | |
| Price Decreased | |||
| Mar 24, 2023 | Price Decreased |
$2,699,000
↓ $100K
(3.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017