51 Ibis Drive
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 15, 2026 | Price Decreased |
$375,000
↓ $50K
(11.8%) | |
| Price Decreased | |||
| Mar 10, 2025 | Listed by Re/Max Beaches | $425,000 | |
| Listed by Re/Max Beaches | |||
| Mar 11, 2021 | No longer available | - | |
| No longer available | |||
| Mar 9, 2021 | Listed | $325,000 | |
| Listed | |||
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Own a slice of paradise in 30A's most upward-trending community. Build your dream home and enjoy a neighborhood with ample amenities and proximity to the beach, restaurants, and shopping. Or, develop a vacation rental property where rental revenues are strong. This one won't last.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017