601 BAY DR
About This Property
The attic is floored and there is a large shed for your extra storage needs. This amazing 3 bedroom, 2 bath single family home is one level living. The Kitchen has been updated with brand new appliances and granite countertops. The house has just been redone with new flooring, fresh paint and remodeled bathroom. The voluntary community association has gatherings and events for the community to get you connected to your new neighbors and there is a community beach, a golf course nearby, the romancoke pier with a boat ramp and a walking/bike trail. You will enjoy living the island life! Take a look you will not be disappointed!
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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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 28, 2024 | In contract | - | |
| In contract | |||
| Mar 23, 2024 | Relisted | $460,000 | |
| Relisted | |||
| Mar 14, 2024 | In contract | - | |
| In contract | |||
| Mar 5, 2024 | Price Decreased |
$460,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017