405 OCEAN GROVE
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 3, 2016 | Sold | ||
| Sold | |||
| Jul 9, 2015 | Listed by WATSON REALTY CORP | $1,170,000 | |
| Listed by WATSON REALTY CORP | |||
| Apr 4, 2013 | Sold | ||
| Sold | |||
| Dec 13, 2012 | Listed by BERRY & CO. REAL ESTATE | $799,000 | |
| Listed by BERRY & CO. REAL ESTATE | |||
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DON'T MISS THIS BANK-OWNED DEAL IN SECLUDED SEA COLONY. YOU'LL LOVE THIS OCEANSIDE PARADISE SO MUCH, YOU WON'T WANT TO LEAVE. THIS HOME FEATURES OUTSTANDING ARCHITECTURE, HIGH-END APPLIANCES & FIXTURES, OCEAN VIEWS FROM THE CUPOLA, A SEPARATE GUEST RESIDENCE OVER THE GARAGE, BEAUTIFUL COURTYARD WITH POOL, AND TILE AND WOOD FLOORS EVERYWHERE. THIS HOME IS A BEAUTIFUL STATEMENT OF SOUTHERN VERNACULAR ARCHITECTURE. GARAGE ACCESS IS AROUND THE BACK SO BREEZE-CATCHING FRONT PORCHES SPAN THE WELCOMING FACADE. THE COMMUNITY OFFERS AN AMENITIES CENTER SECOND TO NONE, AS THE ATTACHED PHOTOS SHOW.
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| Jun 12, 2012 | Listed by WATSON REALTY CORP | $899,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017