46 IBIS Circle
About This Property
Convenience is key, with beaches, top-rated restaurants, and quaint shops only a bike ride away. All utilities are already on-site, with sewer, electric, and county water ready to connect, and water tap fees have already been taken care of. For those who appreciate the finer things in life, there's the potential for a complimentary gas setup, adding to the allure of this already attractive plot.
Imagine the endless possibilities for outdoor entertainment and relaxation in your expansive backyardenough space for a luxurious pool, a chic outdoor kitchen, or a verdant fire pit area where friends and family can gather. The property has been recently surveyed, laying the groundwork for your architectural ambitions. This isn't just a lot; it's a launchpad for living the idyllic Florida lifestyle you've always envisioned.
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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 |
|---|---|---|---|
| Jul 22, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| Mar 1, 2024 | Price Decreased |
$355,000
↓ $25K
(6.6%) | |
| Price Decreased | |||
| Mar 1, 2024 | Relisted | $380,000 | |
| Relisted | |||
| Feb 1, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Butler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017