3901 N Ocean 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.
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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 27, 2020 | Sold | ||
| Sold | |||
| Apr 3, 2020 | Listed by Realty Home Advisors Inc | $1,395,000 | |
| Listed by Realty Home Advisors Inc | |||
| Dec 22, 2019 | No longer available | - | |
| No longer available | |||
| Jul 25, 2019 | Listed | $1,489,000 | |
| Listed | |||
| | |||
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This stunning 4 bedroom, 3 bathroom waterfront home has it all! It's perfect for boating, entertaining, relaxing, privacy, and has very close beach access that is just across the street. Features include 110' of water frontage, a 12,000 lb. boat lift, dock, and no fixed bridges providing easy ocean access. A new metal roof, a property size of over 1/4 acre (.30), a spectacular kitchen / entertaining area, a large side yard and an additional private sun deck add to the elegant ambiance and functionality of this home. Other features include a private heated pool with a screened enclosure, a 2017 AC, newer pool heater, security cameras, alarm, wine cooler, a 2 car garage and circular drive for plenty of parking. Please see the pictures, videos, virtual tour & 360's in this listing. The manager has listed the unit size as 2486 square feet.
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| Jan 30, 2019 | No longer available | - | |
| No longer available | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017