672 Hwy 87
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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 25, 2022 | Sold | ||
| Sold | |||
| Apr 2, 2021 | Listed by Mary Ellen Smith Realty INC | $525,000 | |
| Listed by Mary Ellen Smith Realty INC | |||
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BEACHFRONT 190 ft of beachfront. 190 ft of beach frontage would allow you to build one or more houses with all having spectacular Gulf views and lots of elbow room. Consider developing the bayside which could include homes, RV ports, RV park or dream up your own purpose for this beautiful coastal property. Located in a Coastal Barrier Resource Protection Area, you will need to consider private or self-insuring for your insurance needs. (All land measurements are approximate because there is no survey. The property contains, beachfront, acres of uplands, wetlands, marshlands, bayfront and water.) If you can see the possibilities for you with this acreage, contact your Realtor today.
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About Galveston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 3905632
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