4898 Luster Leaf Circle #203
About This Property
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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 |
|---|---|---|---|
| May 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 5, 2024 | Price Decreased |
$236,000
↓ $14K
(5.6%) | |
| Price Decreased | |||
| Feb 9, 2024 | Price Decreased |
$250,000
↓ $9K
(3.5%) | |
| Price Decreased | |||
| Jan 10, 2024 | Listed | $259,000 | |
| Listed | |||
| | |||
|
Imagine waking up to serene golf course views every day in your very own 2 bedroom, 2 bath condo, nestled in the heart of Myrtle Beach’s sought-after Magnolia Pointe development! Step into a space that’s already a home. Each room is tastefully furnished, ready for you to move in and start enjoying life right away. This property has not been rented, preserving its great condition. The kitchen has been updated with stainless steel appliances, including a new stove, microwave, dishwasher, and a granite sink in 2023, along with a new refrigerator in 2019. Additionally, the hot water heater was replaced in 2021. Your balcony offers a front-row seat to lush greens and a sparkling pool, making every day feel like a vacation. Located just about a mile from the beach, this condo is an ideal blend of tranquil living and easy access to the vibrant energy of Myrtle Beach. Enjoy the short distance to Broadway at the Beach, the airport, shops, restaurants, and local attractions. If accessibility is key, you'll appreciate living on the second floor with the convenience of an elevator in the building. Reach out today for a viewing and take a step closer to making your beachside living dream come true!
| |||
| Dec 20, 2018 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/10/2024
|
2 Bed
|
2 Bath
|
-
|
$259,000
2 Bed
2 Bath
|
-
-
|
Natalia Stopper
Century 21 Stopper &Associates
| |
|
02/24/2022
|
3 Bed
|
2 Bath
|
-
|
$310,900
3 Bed
2 Bath
|
-
-
|
Kristal "Kris" McDonagh
Jeff Cook Real Estate
| |
|
02/02/2022
|
3 Bed
|
2 Bath
|
-
|
$349,000
3 Bed
2 Bath
|
-
-
|
Sitora Khaydarkulova
Century 21 The Harrelson Group
| |
|
02/01/2022
|
2 Bed
|
2 Bath
|
-
|
$245,000
2 Bed
2 Bath
|
-
-
|
The TJ O'Brien Team
RE/MAX Southern Shores
| |
|
06/26/2019
|
3 Bed
|
2 Bath
|
-
|
$179,900
3 Bed
2 Bath
|
-
-
|
-
| |
|
12/14/2018
|
3 Bed
|
2 Bath
|
-
|
$169,900
3 Bed
2 Bath
|
-
-
|
-
| |
|
09/20/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017