535 Newport Drive
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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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Jan 5, 2024 | Listed by Compass Florida, LLC | $900,000 | |
| Listed by Compass Florida, LLC | |||
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A job relocation has this beautiful Cloisters home back on the market! This pool home located in the beachside gated community of The Cloisters is a showstopper with its gracious entry, high ceilings, and open floor-plan that's flooded with soft natural light and calming neutral colors. You'll find 4 spacious bedrooms and 3 beautiful bathrooms. In 2021, the home got a major upgrade with a new tile roof, AC, gas water heater, Cat-5 wiring throughout, and fresh paint inside and out including the pool deck. In 2023, the pool was converted to a low maintenance salt water pool, a new gas heater was installed, as well as a top of the line app controlled variable speed pump. Bathrooms were upgraded, including a Fabuwood vanity with quartz in the main bathroom. The kitchen was updated with a new gas LG range and oven, as well as a new ultra efficient Bosch dishwasher. The laundry room, has a new energy efficient Electrolux washer and dryer. This home is immaculate and move in ready.
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| Mar 3, 2023 | Sold | ||
| Sold | |||
| Aug 21, 2022 | Listed by Coville & Company | $956,500 | |
| Listed by Coville & Company | |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
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About The Cloisters
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017