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50 VIP IS #B
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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 |
|---|---|---|---|
| Sep 25, 2026 | Listed by The Source Real Estate | $199,000 | |
| Listed by The Source Real Estate | |||
| Sep 25, 2025 | Listed | $249,000 | |
| Listed | |||
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Waterfront Lot - Rare Opportunity
Build your island dream on VIP Island in Grant Valkaria. This direct waterfront lot offers 50' of river frontage with a brand-new seawall already in place. Accessible only by boat, the property is just 5 minutes from the mainland ramp and 16 minutes from Sebastian Inlet State Park, with Orlando 90 minutes away, Miami under 3 hours, and Port Canaveral less than an hour. Available individually or together with the neighboring residence at 51 VIP Island, this lot provides the option to expand to 100' of waterfront, create additional privacy, or hold as a future investment.
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About Vacation Island Playground
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,000 /mo
- 2 Beds
- 2 Baths
- 1,103 ft²
$5,000 /mo
- 3 Beds
- 2 Baths
- 1,865 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017