5324 A1A S
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 |
|---|---|---|---|
| Mar 2, 2023 | Sold | ||
| Sold | |||
| Jan 5, 2023 | Listed by SIMPLY REAL ESTATE | $975,000 | |
| Listed by SIMPLY REAL ESTATE | |||
| Feb 16, 2022 | Listed by ENDLESS SUMMER REALTY | $999,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
| | |||
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Walking distance to the ocean, short term rental ready, this beautiful 4 bedroom, 2.5 bathroom home is the perfect island oasis! As you enter the large gated driveway, you are immediately drawn to the privacy of this fully fenced large lot. This 2 story home features updated kitchen with white, wood cabinetry with soft-close doors & drawers, white quartz countertops, open floor plan from kitchen to living room, laundry room and half bath on the first floor. Upstairs you will find 4 bedrooms and 2 full bathrooms. The large master suite has it's own private patio overlooking the lush, green backyard, updated bathroom and large walk in closet. The outside space features a huge driveway with new pavers, hot tub, outdoor shower, outdoor kitchen area with gas hookup. Listen to the waves as you enjoy sunset! This house is truly spectacular! Roof and AC were updated in 2015. Home is concrete block construction. This home comes with a short term rental permit, good through 2023 and transferrable to new buyer. Home will come fully furnished and ready to make income immediately as a rental! Golf cart included for quick and easy access to the beach!
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| Oct 8, 2021 | Sold | ||
| Sold | |||
| Aug 17, 2021 | Listed by SIMPLY REAL ESTATE | $849,900 | |
| Listed by SIMPLY REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017