5 Wallace Point Rd
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 |
|---|---|---|---|
| Nov 17, 2014 | Sold | ||
| Sold | |||
| Oct 1, 2013 | Listed by Century 21 Signature Properties | $299,900 | |
| Listed by Century 21 Signature Properties | |||
| | |||
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Charming 2 bedroom updated cottage with lovely waterviews of Buttermilk Bay, just one house back from the beach. Cathedral ceilings with warm wood accents, open floor plan and two sided electric fireplace in living room and kitchen for those cool mornings. 75 steps from the patio or deck to the private neighborhood beach where you can launch your canoes, kayaks, fish or swim. Not in the flood plain. You must see this waterview gem. Title V approved.
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| Aug 31, 2006 | Sold | ||
| Sold | |||
| Jun 5, 2006 | Listed by Century 21 Bourne Landing | $329,000 | |
| Listed by Century 21 Bourne Landing | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017