501 Point Road
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | Listed by Converse Company Real Estate | $1,400,000 | |
| Listed by Converse Company Real Estate | |||
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Welcome to Camp Marion! Spacious 4,300 sq. ft. Cape Cod style home set on a large 1.11 acre lot in East Marion, a short distance from Piney Point, Kittansett, Planting Island, Great Hill and Little Marion Golf Course. Built in 2017, this home boasts 3 floors of living space. The first floor consists of large open concept kitchen, dining and living space, laundry room, pantry, mudroom/sitting room, half bath and master bedroom suite. 3 bedrooms, office, large bathroom and landing which could serve as another gathering space complete the second floor. The finished basement includes game room, exercise space, second office space, and an area accessed adjacent to the pool which serves as the pool cabana and includes half bath, laundry hook-up, with fridge and lounging space. Custom in-ground Easton saltwater pool with stone surround stamped concrete decking and two floating trex decks for lounging complete the space.
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| Oct 20, 2017 | Sold | ||
| Sold | |||
| Aug 4, 2017 | Listed by Converse Company Real Estate | $699,900 | |
| Listed by Converse Company Real Estate | |||
| Mar 11, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017