721 EL VERGEL Lane
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 |
|---|---|---|---|
| Sep 8, 2021 | Sold | ||
| Sold | |||
| Aug 7, 2021 | No longer available | - | |
| No longer available | |||
| Aug 5, 2021 | Listed by PALMERHOUSE PROPERTIES | $494,500 | |
| Listed by PALMERHOUSE PROPERTIES | |||
| Dec 29, 2017 | Sold | ||
| Sold | |||
| Jul 31, 2017 | Listed | $364,900 | |
| Listed | |||
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The kitchen and great room are open to a large dining room. There is also an eat in breakfast area. Your master bedroom/ bathroom suite overlooks the screened lanai and green space out back. There is a 2nd bedroom and a 3rd Office/or non conforming bedroom (with plenty of room to add a closet) and two full baths to round out the living space. A security system and irrigation are already in place. Ocean Palms is a beautiful neighborhood with lots of conservation space nestled between intracoastal front homes and a few blocks to the ocean.The manager has listed the unit size as 1775 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017