480 31st Avenue
About This Property
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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 26, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| Jun 6, 2024 | Listed | $742,900 | |
| Listed | |||
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This Vero Beach home has undergone extensive renovations, including a new roof, HVAC, water heater, flooring, and a remodeled chef's kitchen with stainless steel appliances, granite countertops, and updated cabinetry. It features three generously sized bedrooms, a home office or potential fourth bedroom, and new bathrooms, including a remarkable owner's suite with a spa-like bathroom. The property offers ample parking space for a boat, RV, and other recreational vehicles on its .52-acre lot and has NO HOA fees. Situated less than six miles from beautiful beaches, this home provides a perfect blend of comfort, luxury, and convenience.
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| Oct 9, 2019 | Sold | ||
| Sold | |||
| Mar 7, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017