772 S Ocean Avenue
About This Property
The open-concept living space is bathed in natural light, highlighting the fresh, modern updates throughout. The kitchen features sleek countertops, new appliances, and great storage. The kitchen is open to the living room and eating area. Each of the three spacious bedrooms is designed with relaxation in mind, providing a serene escape after a day spent by the ocean.
Both bathrooms have been tastefully updated, with contemporary fixtures and finishes. The outdoor living space is perfect for entertaining, with a large deck where you can soak in the sun and listen to the waves.
Whether you're looking for a serene home to unwind or a lucrative vacation rental, this property offers it all. Don't miss the chance to own a slice of paradise with ocean views in beautiful Cayucos.
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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 |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,850,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Aug 30, 2024 | Listed by Valeska Nemetz Inc. | $1,850,000 | |
| Listed by Valeska Nemetz Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017