601 CUMBERLAND DRIVE
About This Property
Historic Flagler Beach truly is a "step back in time." A quaint dog-friendly beach town where your golf cart is the favored method of getting around to the local shops and restaurants, the monthly First Friday celebration, weekly farmers market, and the annual holiday parades. Square footage received from tax rolls. All information intended to be accurate but cannot be guaranteed.
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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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by REALTY PROS ASSURED | $899,000 | |
| Listed by REALTY PROS ASSURED | |||
| Mar 19, 2025 | Price Decreased |
$1,199,000
↓ $126K
(9.5%) | |
| Price Decreased | |||
| Jan 18, 2025 | Price Decreased |
$1,325,000
↓ $25K
(1.9%) | |
| Price Decreased | |||
Property Highlights
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About Flagler Beach
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$2,295 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017