4906 Marlin Way
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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 |
|---|---|---|---|
| Feb 23, 2022 | Sold | ||
| Sold | |||
| Jan 19, 2022 | Listed by Coldwell Banker Realty | $1,500,000 | |
| Listed by Coldwell Banker Realty | |||
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Dreamy Mandalay Shores beach home with incredible usable outdoor space! With parking for at least six vehicles in the large driveway and garage, vinyl fencing and gates, newer concrete, a welcoming courtyard, a large backyard with turf, concrete, landscape, a fire pit and a hot tub, and a spacious deck, this home provides the backdrop for the ultimate in indoor-outdoor coastal living! Only a block from Mandalay Beach Road, and two blocks from the beach, this well-located property can serve as a full-time residence or beach getaway. Extensively updated in 2017, the home features Santa Barbara smooth stucco, updated light fixtures, wood-look tile in the main living spaces, a beautiful open kitchen with high ceilings and stone counters and a flexible floorplan. As a traditional home, the primary suite is downstairs with a large walk-in closet, gorgeous bath and garden access via a bonus room or downstairs family room, which could also make a great home office! This entire level could also serve as a guest suite offering total privacy from the upstairs. The second level features the open-concept kitchen and great room, deck, spacious bathroom and two bedrooms. Storage is plentiful throughout the home. Newer appliances are included. Mandalay Shores is an idyllic beach community with so much to offer. Local hallmarks include the pristine Channel Islands Harbor for boating, stand-up paddle boarding, fishing and other water sports; the sandy beaches of the Shores and Hollywood Beach; incredible surfing in SilverStrand; plus dining, shopping and fantastic walking paths in Seabridge. Enjoy the Sunday farmers' market in the harbor, as well as dining al fresco at the variety of waterside restaurants, including some with live entertainment! The Mandalay Shores community is less than 9 miles to either The Collection in RiverPark or Downtown Ventura, both of which offer dining, retail and entertainment. If buying a beach home is one of your resolutions, hurry on this one! Move in today, entertain tonight!
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| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jul 22, 2021 | Listed by RE/MAX Gold Coast-Beach Office | $1,349,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017