506 Beach Drive
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 |
|---|---|---|---|
| Sep 26, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by RE/MAX 10 | $429,900 | |
| Listed by RE/MAX 10 | |||
| Aug 20, 2021 | Sold | ||
| Sold | |||
| Jun 4, 2021 | Listed by Baird & Warner Real Estate - Algonquin | $350,000 | |
| Listed by Baird & Warner Real Estate - Algonquin | |||
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Come & GET IT!!!! This 2-Story (custom built in 2008) is the one your client has been waiting for!! Spectacular location is nearby downtown Algonquin for all the wining & dining you could hope for...but offers a premium, private lot with wooded backdrop & creek running through!!! Serenity is at your backdoor!! Floor plan features hardwood entry, formal Living/Dining rooms, & large Island Kitchen which is open to the main level Family room. Kitchen is highlighted by granite counters, maple cabinetry, hardwood floors & eating area with slider to freshly stained deck & backyard. Over 2400SqFt means there is plenty of room to roam for the whole family. 4 big bedrooms upstairs, including a large Master suite with private bath & walk in closet! Partial basement awaits your finishing touch. This one has it ALL!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017