357 NE 117th Street
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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 |
|---|---|---|---|
| Aug 8, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | Relisted | $900,000 | |
| Relisted | |||
| Jul 23, 2024 | Price Decreased |
$865,000
↓ $35K
(3.9%) | |
| Price Decreased | |||
| Jun 28, 2024 | In contract | - | |
| In contract | |||
| May 31, 2024 | Listed | $900,000 | |
| Listed | |||
| | |||
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Stunning Architectural Gem nestled in a Tropical Oasis. This Prime location sits between the coveted Biscayne Park and Miami Shores neighborhoods. Minutes away from amazing schools and amenities without the higher tax rates of the incorporated municipalities. This unique home is a rare find with high, vaulted ceilings, open floor plan. Beautiful Master suite including a private den, master bath, and dedicated master patio area. Oversized lot with gorgeous landscaping and plenty of space for a pool. Close to the bustling shops and Museums of North Miami, Incredible Beaches and Parks, Aventura and Bal Harbour, FIU North, Barry University, St. Thomas University.
Enjoy the best of both worlds in a quiet, peaceful neighborhood close to all the vibrant activity and culture of the city.
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About Miami Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017