405 Royal Palms Drive
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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 29, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $699,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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Beautifully updated beach bungalow in Atlantic Beach. This home has a spacious open concept kitchen, living and dining area. The kitchen features leathered granite countertops, stainless steel appliances and a large island overlooking the living room and out to the tropical backyard. Featuring a split floor plan, a very large primary suite is located at one end of the home with a stunning en suite bathroom and large walk-in closet. The remaining 3 bedrooms and 2 bathrooms are on the opposite side of the home with a second ensuite bedroom and bathroom setup. The backyard is expansive and half of it has been converted into a putting green and patio that is perfect for entertaining.
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| Jan 6, 2017 | Sold | ||
| Sold | |||
| Dec 1, 2016 | Sold | ||
| Sold | |||
| May 27, 2016 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $157,200 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017