7 OCEAN STREET
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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Price Decreased |
$1,050,000
↓ $99K
(8.6%) | |
| Price Decreased | |||
| Nov 21, 2024 | Price Decreased |
$1,149,000
↓ $46K
(3.9%) | |
| Price Decreased | |||
| Oct 7, 2024 | Listed | $1,195,000 | |
| Listed | |||
| | |||
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NEW POOL AND NEW PRICE! Don't miss this opportunity to own a new construction Colour Home within walking distance to the beaches in Northern Palm Coast. Located in the quaint and quiet area of Marineland Acres, this 2-story modern masterpiece is a perfect set-up for a primary residence, 2nd home, short-term rental, or both! One of the bedrooms is equipped with built-in bunks and the whole house can SLEEP UP TO 14! The primary living area and master bedroom are downstairs. The master bathroom features an oversized shower and freestanding tub. A soon to be built pool is located just off of the master suite. Back upstairs you will find two oversized bedrooms, a flex room and a dedicated office space. Custom cypress wood accents in the kitchen create an amazing look. Additional cypress wood accents are found on the staircase, office and throughout. The quality of all Colour Homes begin with a long lasting metal roof, durable exterior siding, 2x6 studs and spray foam insulation Inside, the style and quality continue with modern clean lines, smooth walls and ceilings, wood soft close cabinets and quartz countertops. The Colour Homes life is waiting for you in Palm Coast. Builder incentives are available.
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About Flagler
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017