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718 Monterey Drive
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 |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Dale Sorensen Real Estate Inc. | $799,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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WELCOME TO YOUR NEW BEACH HOME!
Here's why you will love living here: Great neighbors all around! Safe & secure gated community! Awesome kids in the neighborhood! Super pet friendly! Beach sunrises, morning coffee on the patio, epic sunsets! Walk to the beach to catch some waves, collect some shells, and soak up the sun! Livin' large on the best block in Montecito! Steps away from the playground, communitycenter, swim club, fitness center and pool! Close to Patrick SFB, Cocoa Village,I-95, KSC, MLB and the King Center!! Easy access to I-95 and all points! Watch KSC launches from your backyard or balcony! Satellite Beach has great schools and restaurants, shopping and a funky beach vibe that can't be beat! Manatees galore in the canal! Plenty of space for your crew! Make an appointment
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| Nov 3, 2020 | Sold | ||
| Sold | |||
| Aug 11, 2020 | Listed by Coldwell Banker Realty | $539,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017