451 20th AVENUE
About This Property
The existing home experienced flooding but has already been remediated with drywall removed, presenting a blank slate for your vision. Whether you choose to refinish the current structure or build your dream coastal retreat, this property offers endless potential.
Located in a highly sought-after area that allows short-term rentals, this is an exceptional investment opportunity or the perfect location for a luxurious vacation home.
Buyer to verify feasibility of refinishing or rebuilding. Don't miss your chance to own a piece of paradise in Indian Rocks Beach-schedule a showing today!
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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 |
|---|---|---|---|
| Dec 28, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Price Decreased |
$1,100,000
↓ $99K
(8.3%) | |
| Price Decreased | |||
| Nov 26, 2024 | Listed by MANGROVE BAY REALTY LLC | $1,199,000 | |
| Listed by MANGROVE BAY REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017