7431 Barrancas Avenue
About This Property
Inside, you'll find a beautifully renovated home with a strong income history. The fully finished lower level has been transformed into a separate 1,020 sq. ft. apartment, perfect for guests or maximizing rental potential.
Bokeelia, located on the North side of Pine Island is a true escape-known for its peaceful atmosphere, world-class fishing, stunning natural beauty, and laid-back coastal lifestyle. Whether you're seeking tranquility, boating adventures, or a charming island community, this location delivers it all.
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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 |
|---|---|---|---|
| Oct 27, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Price Decreased |
$350,000
↓ $34K
(8.9%) | |
| Price Decreased | |||
| Mar 20, 2026 | Price Decreased |
$384,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Feb 10, 2026 | Price Decreased |
$394,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Feb 2, 2026 | Relisted | $399,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017