1
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747 Ocean Blvd
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 1, 2014 | Sold | ||
| Sold | |||
| Nov 2, 2013 | Listed | $749,900 | |
| Listed | |||
| Jun 3, 2008 | Sold | ||
| Sold | |||
| Jan 22, 2007 | Listed by RE/MAX Coast to Coast | $649,900 | |
| Listed by RE/MAX Coast to Coast | |||
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ENJOY YOUR BREAKFAST OR JUST RELAXING IN YOUR SITTING AREA LOOKING OUT AT BREATHTAKING VIEWS OF NORTH BEACH (ATLANTIC OCEAN).HOME HAS BEEN COMPLETELY REFURBISHED FROM TOP TO BOTTOM - NEW FURNACE, ELECTRIC, ROOF, HARDWOOD FLOORING, WRAP AROUND REAR DECK - PLUS PRIVATE BRICK PATIO. THIS IS THE FRONT HOUSE ON A NEWLY DIVIDED CONDEX LOT - NOTHING ATTACHED - NO FEES. BEACH ACCESS RIGHT ACROSS THE STREET- BOTH UNITS TOGETHER $825,000. - other home on corner of 3rd and Ocean.
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