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Map
5928 Beach Drive
About This Property
This FANTASTIC property made its owners $118,000 IN RENTAL INCOME last year! Turnkey and ready to rent, this 5/3 has been UNDUPLEXED and is now ONE property with a HUGE KITCHEN, stainless steel appliances, ''wood look'' CERAMIC TILE floors, tasteful BEACH DECOR, comfy beds, all the kitchen necessities, SCREENED IN BACK PORCH (which everyone loves!), and a lovely backyard with paved and grassy areas for entertaining. Includes NEW washer, dryer, and dishwasher, a smart thermostat, 2 exterior flood light cameras, and smart lock. RECENTLY COMPLETELY PAINTED INSIDE. Roof is only 7 years old.
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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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Apr 3, 2025 | Price Decreased |
$630,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$635,000
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Feb 28, 2025 | Price Decreased |
$637,500
↓ $23K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017