3960 Poseidon Way
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 |
|---|---|---|---|
| Apr 3, 2024 | No longer available | - | |
| No longer available | |||
| Mar 8, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | No longer available | - | |
| No longer available | |||
| Feb 28, 2024 | Price Decreased |
$775,000
↓ $24K
(3%) | |
| Price Decreased | |||
| Jan 17, 2024 | Listed by EXP REALTY LLC | $799,000 | |
| Listed by EXP REALTY LLC | |||
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This stunning coastal property is beautifully decorated and boasts an array of impressive features. The elegant plank tile floors throughout the home add sophistication and durability. The kitchen features gleaming quartz countertops, providing ample space for meal preparation and a modern feel. The volume and tray ceilings create an open and grand atmosphere, allowing natural light to flood in. The serene lake views from the patio offer a peaceful and tranquil ambiance. This property offers a luxurious and serene living experience, with added amenities that enhance the exceptional lifestyle. The manager has listed the unit size as 2727 square feet.
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Property Highlights
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About Melbourne
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$2,800 /mo
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$2,700 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017