11
Map
502 NETTLES Boulevard
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%.
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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 |
|---|---|---|---|
| Jan 19, 2021 | Sold | ||
| Sold | |||
| Sep 12, 2020 | Listed by Nettles Island Realty | $115,900 | |
| Listed by Nettles Island Realty | |||
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NETTLES ISLAND REACHES FROM THE INDIAN RIVER(INTRACOASTAL WATERWAY) TO THE ATLANTIC OCEAN. Both lot and 5th wheel being sold together. Lot being sold for $115,900 and 2017 5th wheel unit for $41,999. Corner lot. Queen sized master bedroom plus three bunks. One and one half bathrooms. Outside kitchette with stove, fridge, microwave, and sink. WALK TO BEACH, REC CENTRE, GROCERY STORE ! NETTLES ISLAND IS A GATED COMMUNITY WITH 24/7 SECURITY. CHILDREN AND PET FRIENDLY. PERFECT LOCATION FOR ISLAND LIVING, A VACATION RENTAL OR FOR SEASONAL ENJOYMENT. NETTLES ISLAND OFFERS PRIVATE BEACH ACCESS TO THE ATLANTIC OCEAN, 2 PRIVATE POOLS, MINI GOLF, PICKLE BALL COURTS, RESTAURANT, GYM AND MANY AMENITIES INCLUDING MARINA AND BOAT RAMP, RESTAURANT, SHOPS, TENNIS, PICKLE BALL, SCHUFFLE BOARD, BOCCIE BALL, AND ACTIVITIES GALORE. VIEW VIDIO OF UNIT AT https://youtu.be/xyQyKg7Z5Ds
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| Feb 1, 2014 | Sold | ||
| Sold | |||
| Aug 7, 2011 | Listed by Hutchinson Island Real Estate | $59,900 | |
| Listed by Hutchinson Island Real Estate | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017