Lot 65 Ibis Drive
About This Property
Lakeside at Blue Mountain Beach is a charming neighborhood and very popular for full time residents, second homes, and income producing properties. There are state parks on the North and East side of the neighborhood containing miles of trails for biking and hiking. The HOA dues are less than the comparable... neighborhoods along 30A. Great new restaurants are nearby in Blue Mountain Beach such as Red Fish Taco, Trebeache, and Blue Mabel all within a short walk or easy bike ride. Blue Mountain Beach offers multiple beach accesses and is the relaxing area of 30A.
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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 |
|---|---|---|---|
| Apr 12, 2019 | Sold | ||
| Sold | |||
| Dec 23, 2018 | Listed by The Premier Property Group Seacrest Office | $165,000 | |
| Listed by The Premier Property Group Seacrest Office | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017