47 Fairway DRIVE
About This Property
Looking to move less than half mile from to the beach...Look no further! Drive through the pristinely maintained neighborhood and look at this charming mid-century home nestled between the beach and intracoastal. Sit outside and hear the waves crash in your screened porch and enjoy the privacy of your fenced back yard. Join the private golf club on the next block and swing your clubs under the fresh ocean air! New roof installed 12/2018, new windows 2016. The possibilities are endless, as the 3rd bedroom can be used as an office or den with its double doors and pocket door for privacy. Or just to expand the room for those fantastic family vacations or get togethers. It's time to call this place home. All you need is your personal touches and some beach chairs. Call for a private 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 |
|---|---|---|---|
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Dec 14, 2023 | In contract | - | |
| In contract | |||
| Dec 13, 2023 | Price Decreased |
$399,900
↓ $14K
(3.4%) | |
| Price Decreased | |||
| Oct 28, 2023 | Price Decreased |
$413,900
↓ $16K
(3.7%) | |
| Price Decreased | |||
| Jun 30, 2023 | Listed by LIVIN PARADISE REALTY LLC | $430,000 | |
| Listed by LIVIN PARADISE REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017