590 OAK BAY DRIVE
About This Property
Some of the notable upgrades include granite countertops and crown molding, which add a touch of elegance to the space. Moreover, the property has undergone significant improvements, including **NEW ROOF 2022**REPIPED**NEW AC**NEW APPLIANCES** These updates contribute to the move-in ready condition of the home.
The property's location provides privacy, as it backs up to a preserve and The Oaks Golf Club. The oversized screened lanai is a great spot for relaxation and entertaining, and it offers the potential for adding a pool or hot tub. The backyard is generously sized and features Royal Poinciana, mango, lemon, and papaya trees. This outdoor space still has plenty of room for various activities and gatherings.
Bay Oaks Estates is known for being a desirable community with its 'A' rated school district, proximity to Gulf beaches, the Legacy Trail, Pine View School, and Oscar Scherer State Park. Additionally, it's worth mentioning that the community allows fences, which is a unique feature that can enhance the usability of the property.
Overall, this property seems to offer a wonderful combination of features that make it an inviting and comfortable place to call home, with its well-maintained interior, outdoor amenities, and convenient location.
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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 |
|---|---|---|---|
| Oct 31, 2023 | Sold | ||
| Sold | |||
| Oct 6, 2023 | In contract | - | |
| In contract | |||
| Sep 26, 2023 | Relisted | $635,000 | |
| Relisted | |||
| Sep 24, 2023 | No longer available | - | |
| No longer available | |||
| Sep 12, 2023 | Relisted | $635,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017