5561 PINE Avenue
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%.
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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 |
|---|---|---|---|
| Aug 12, 2019 | Sold | ||
| Sold | |||
| Jan 8, 2016 | Listed by WATSON REALTY CORP | $1,195,000 | |
| Listed by WATSON REALTY CORP | |||
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This is one of the largest waterfront parcels available on Fleming Island w/approx. 9.7 acres and 224 ft. of direct river frontage. This would make a great family compound or potentially a small development. There is an existing, charming Dutch Colonial style brick home w/ an in ground pool and dock,but the primary value is in the land.The property is conveniently located right down the street from Paterson Elementary School and everything Fleming Island has to offer. This property has tons of potential!
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| Aug 14, 2013 | Listed by RS&H COMMERCIAL REALTY INC | $1,200,000 | |
| Listed by RS&H COMMERCIAL REALTY INC | |||
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The existing house on the property is included in the purchase price. However, it and the land associated with it, may be excluded from the land sale at buyer's discretion. It contains approximately 1.04 acres.
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Property Highlights
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About Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017