720 Oceanview Drive
About This Property
Step inside to discover a well-designed floor plan featuring spacious bedrooms and more! One of this property's highlights is its versatility, offering two separate living areas, including a flexible space near the back of the home that can be easily converted into a study-ideal for working or relaxing in peace. The front and back yards provide space for outdoor activities, gardening, or entertaining.
You'll love the convenience of this location, offering quick access to major freeways while still being nestled in a quiet, welcoming community with great neighbors. The home strikes the perfect balance-not too large, not too small-and provides an excellent opportunity for anyone looking to invest or settle into their first home.
Don't miss out on this lovely property with its serene setting, functional layout, and unbeatable location!
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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 27, 2025 | Sold | ||
| Sold | |||
| May 24, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Listed by Carrington Real Estate Group | $215,000 | |
| Listed by Carrington Real Estate Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017