7 Minot St
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 31, 2015 | Sold | ||
| Sold | |||
| Apr 6, 2015 | Listed by Waterfront Realty Group | $450,000 | |
| Listed by Waterfront Realty Group | |||
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Get ready for summer! Perfect spot to enjoy beautiful Rexhame Beach seasonally or year round. Second house back from beach with fabulous ocean views from 35 ft. long enclosed sunroom. Enjoy comfort of central air and coziness of living room fireplace. Good rental income for investors. Plenty of parking and outdoor shower. Furniture negotiable.
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