3550 COASTAL Highway
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 |
|---|---|---|---|
| Aug 24, 2023 | Sold | ||
| Sold | |||
| Jul 14, 2023 | Listed by THE NEWCOMER GROUP | $850,000 | |
| Listed by THE NEWCOMER GROUP | |||
| | |||
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DIRECT OCEANFRONT HOME in the heart of Vilano Beach is yours for the taking. This property is a fixer upper and is being sold AS IS, which presents one of the best coastal opportunities to build equity and add value to maximize your investment. The floorpan and footprint of this home is optimal, offering 4 bedrooms (one bedroom is non-conforming), 4 bathrooms, and just shy of 2,000 SF of perfectly utilized space. Every room and space of the home includes stunning ocean views overlooking the Atlantic Ocean and pristine white sandy beach. With the right vision and allocation of funds, you can create an oceanfront oasis with supporting comps well north of $1.5 million along with potential gross income over $150K if utilized as a short term vacation rental. Both A/C units have been replaced in 2022 along with a new aluminum roof in 2020. There are also brand new double pane hurricane impact windows that would convey with the sale. With a beach renourishment plan in the summer of 2023, the timing could not be more perfect. Book a private tour today!!
| |||
| Apr 6, 2023 | Listed by RE/MAX UNLIMITED | $1,480,000 | |
| Listed by RE/MAX UNLIMITED | |||
| Sep 10, 2019 | Sold | ||
| Sold | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017