7637 HATTERAS DRIVE
About This Property
The main living level includes a spacious living room with vaulted ceilings, kitchen with abundant cabinetry, enclosed sunroom, and two bedrooms, including a primary suite with private bath and waterfront balcony access. The lower level offers additional living space, a full bath, and a flexible room that may be suitable for a variety of uses. Buyers should independently verify permitted uses and square footage.
The property appears to require repairs, updates, and deferred maintenance. The pool, hot tub, dock, boat lift, HVAC system, and other improvements should be thoroughly inspected by buyers to determine condition and functionality. This property presents an opportunity for buyers seeking to renovate and customize a waterfront home in an established coastal community.
Buyers are encouraged to conduct thorough inspections to determine condition and verify all information.
Agents: Please review all private remarks prior to scheduling a showing.
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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 |
|---|---|---|---|
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Price Decreased |
$360,000
↓ $39K
(9.8%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$399,000
↓ $61K
(13.3%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by NEXTHOME LUXE COASTAL | $460,000 | |
| Listed by NEXTHOME LUXE COASTAL | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017