510 Pine ROAD
About This Property
with private screened back lanai offers a quiet place for coffee mornings or beverage evenings. The spacious, fenced backyard
is a perfect space to entertain friends, family and the pets. This fun old Florida style home has tons of opportunity to create your own
personalized coastal living paradise. New roof in 2010 and AC in 2019. Because this is a non-HOA neighborhood, you can bring
the big toys! Park your boat or the RV! The nearby boat ramp, waterfront restaurants, community park which offers the ideal launch
spot for kayaks or paddleboards make this a truly unique location for outdoor enthusiasts, sun worshipers and nature lovers. Embrace
the Florida lifestyle and live like you're on vacation!
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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 23, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by MICHAEL SAUNDERS & COMPANY | $359,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017