5988 M-63
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%.
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 |
|---|---|---|---|
| Jul 8, 2020 | Sold | ||
| Sold | |||
| Jul 4, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Listed | $749,000 | |
| Listed | |||
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Welcome to your lakefront oasis on top of the world. Take a drive down your shaded driveway to a 2 bedroom 2 bathroom home nestled on 1.4 acres of BEACHFRONT property. That's right I said beach! There are 2 different accesses down to your waterfront on the property & a 3rd shared access point via dune path w/ additional deeded beach. The home features panoramic floor to ceiling windows in living room, entry and throughout that allow natural light to pour in as well as lakefront warm breezes andthe sound of waves. Large master bedroom, living room and kitchen all face the lake so you can enjoy the beautiful sunsets all over your home. Open floor plan offers great movement for entertaining and high wood beamed ceilings make the space look even greater! Downstairs features a laundry, large rec room, full bath, storage/bedroom, and large attached garage. Great added feature is automated hurricane shutters that go up and down with the flip of a switch. Great property with so many options! The manager has listed the unit size as 2085 square feet.
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| Feb 4, 2020 | Listed by Keller Williams Realty SWM | $749,000 | |
| Listed by Keller Williams Realty SWM | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017