5330 PELICAN Way
About This Property
''Castillo del Sol'' is brimming with modern amenities, including a newer roof, HVA system, plumbing, and hurricane windows and sliders. The property's outdoor space is a haven for relaxation and recreation, featuring a putting green and lush landscaping. New patio lighting and improved staircase lighting enhance the ambiance. With dehumidification units on each floor, comfort is paramount. This duplex boasts a projected income potential of $110,000 to $130,000 per year, making it an attractive investment opportunity. For those with grand visions, you have the option to expand your earnings by purchasing the adjoining vacant lot at 5331 Atlantic View , spanning 4,800 sq ft at a combined price of $1,599,000. (See MLS # 1253167). Situated at an elevation of approximately 26 feet above sea level, this lot opens doors to endless possibilities. Whether you seek an income-generating gem or a private beachside haven, this duplex offers the perfect canvas for your dreams. Don't miss your chance to experience coastal living at its finest!
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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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Dec 17, 2024 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Price Decreased |
$999,000
↓ $360K
(26.5%) | |
| Price Decreased | |||
| Oct 7, 2024 | Price Decreased |
$1,359,000
↓ $40K
(2.9%) | |
| Price Decreased | |||
| Jul 23, 2024 | Price Decreased |
$1,399,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017