406 Nautilus 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 |
|---|---|---|---|
| Sep 1, 2023 | Sold | ||
| Sold | |||
| Aug 3, 2023 | In contract | - | |
| In contract | |||
| Jul 21, 2023 | Listed by Haines Realty | $499,000 | |
| Listed by Haines Realty | |||
| | |||
|
Looking for two primary suites and an open floor plan? Here it is!!!! Completely updated within the last few years and fully fenced for even more privacy. Many upgrades were added along with all newer mechanicals, pavers, sheetrock, siding, windows, roof, too many to list. There is nothing to do but unpack your bags. Owners are relocating out of state, and have already moved out - Make this your primary or second home because you are only minutes to LBI... Do not miss this opportunity to live close to the beach without the worries of flood insurance! This will not last long!! Plenty of room for a garage as well!
| |||
| Jul 7, 2023 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Jun 26, 2023 | Price Increased |
$549,900
↑ $51K
(10.2%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017