49 Spanish River Drive
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 |
|---|---|---|---|
| Apr 24, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | Listed by The Corcoran Group | $4,595,000 | |
| Listed by The Corcoran Group | |||
| Oct 2, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Price Decreased |
$2,475,000
↓ $275K
(10%) | |
| Price Decreased | |||
| Jan 2, 2020 | Listed | $2,750,000 | |
| Listed | |||
| | |||
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Impressive Intracoastal home located on a very wide part of the intracoastal just south of the Boynton Beach inlet. This is a boaters dream home. Many upgrades and improvements. Soaring ceilings and open living spaces enhance this estate. : The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements The manager has listed the unit size as 3687 square feet.
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Property Highlights
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About Inlet Cay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017