5135 Sealane Way
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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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by Coldwell Banker Realty | $1,699,000 | |
| Listed by Coldwell Banker Realty | |||
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Fantastic location on Sealane Way, a highly desirable Mandalay Shores ''way'' with a charming path to the beach, accessible from the rear gate. Highly-upgraded and lightly lived in, this gorgeous home has designer features. The gated entry welcomes guests through a courtyard into the great room with a beautiful open kitchen, dining area and family room, filled with light from the many windows and skylights. On the first level, there are two large bedrooms, a hall bath, and access to the low maintenance yard with hot tub and deck. Upstairs, the primary suite has a private West-facing deck to enjoy gorgeous sunsets, ocean breezes and to hear the waves against the seashore, which is only a block away. A previous kitchen remodel includes a Wolf range, quartzite island and counters, and Shaker-style white cabinets, ideal for a coastal palette. A striking fireplace, custom light and plumbing fixtures, an outdoor shower, and backyard decking round out the features. Mandalay Shores is a sought-after beach community near the USA Today award-winning Oxnard 'ololkoy Beach Park, and the beautiful Channel Islands Harbor, with its renown Sunday farmers' market, water sports, dining, and entertainment. Surf's up in the Shores, and in nearby Hollywood Beach and Silver Strand too. Whether for a weekend getaway or full-time living, this home is ready for entertainers. Move in today, enjoy life at the beach tomorrow!
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| Apr 29, 2021 | Sold | ||
| Sold | |||
| Mar 27, 2021 | Listed by Keller Williams West Ventura County | $1,499,000 | |
| Listed by Keller Williams West Ventura County | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017