77 Waite Drive
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 |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | Listed by Southern Classic Realtors | $795,000 | |
| Listed by Southern Classic Realtors | |||
| Jan 21, 2024 | No longer available | - | |
| No longer available | |||
| Sep 11, 2023 | No longer available | - | |
| No longer available | |||
| Jul 21, 2023 | Listed by Celia Dunn Sotheby's | $1,450,000 | |
| Listed by Celia Dunn Sotheby's | |||
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Incredible opportunity to build your custom home on highly desirable Isle of Hope! This offering includes 77 and 83 Waite Drive to be purchased together for a combined 1.98 acres on Herb Creek. Situated just before the entrance to Dutch Island, this is one of the few remaining lots on the island. The property includes an approved dock that will span 930' over the marsh and the walkway is currently 3/4 complete. With 412 feet of river frontage, you will enjoy incredible marsh and river views.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017