784 Ocean #4
About This Property
The manager has listed the unit size as 528 square feet.
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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 3, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 6, 2024 | Listed | $450,000 | |
| Listed | |||
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Nestled between Wallis Sands Beach and Odiorne Point State Park, this condo is literally just steps away from a private beach with a large elevated deck offering panoramic views of the Atlantic Ocean and Isles of Shoals as well as a community pool. The condo comes fully furnished with updated full kitchen, dishwasher, refrigerator, stove and microwave. Newly updated full bathroom with tiled shower. Living room has wall mounted TV, pull out sofa with queen bed and new mini split AC and heating unit. Bedroom has king bed and washer and dryer included. This unit is on the lower level (left side) of this 4 unit building. Outdoor bike and toy storage under the deck, new septic, new roof, new exterior paint. Condo fee is only $226.43 per month and Flood insurance is $1327 per year. No rental restrictions and pet friendly.
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| Jul 2, 2020 | Sold | ||
| Sold | |||
| Mar 16, 2020 | Listed | $339,900 | |
| Listed | |||
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|
Nestled in between Wallis Sands Beach and Odiorne Point State Park, this fully furnished, sparkling clean condo is literally steps away from a private beach, with a large private deck offering panoramic views of the Atlantic Ocean and the Isles of Shoals. It is located just minutes from the great shopping and restaurants of historic Portsmouth NH, the action of Hampton Beach and beautiful coastal Maine. The condo includes a fully functioning kitchen with stainless steel appliances, plates and glassware, silverware, coffee machine, etc. as well as a flat screen HDTV, washer and dryer, pull-out sofa with queen mattress, and extendable dining table that seats four. A brand new, state-of-the-art septic system was installed in November 2018 and a new roof in May 2020. Flood insurance is $885 per year. This property has the potential to generate over $30,000 in rental income annually and has received five-star reviews on both Airbnb and Vrbo. Please see full Matterport interactive video of this home.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/27/2024
|
1 Bed
|
-
|
528 ft²
|
$719,000
1 Bed
-
528 ft²
|
$751,000
+4.45%
07/30/2024
|
Rosalie Andrews
Bean Group / Portsmouth
| |
|
05/06/2024
|
1 Bed
|
1 Bath
|
528 ft²
|
$450,000
1 Bed
1 Bath
528 ft²
|
$449,000
-0.22%
07/03/2024
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
07/15/2021
|
1 Bed
|
1 Bath
|
528 ft²
|
$650,000
1 Bed
1 Bath
528 ft²
|
$625,000
-3.85%
09/03/2021
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
03/16/2020
|
1 Bed
|
1 Bath
|
528 ft²
|
$339,900
1 Bed
1 Bath
528 ft²
|
$318,000
-6.44%
07/02/2020
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
09/10/2019
|
1 Bed
|
1 Bath
|
528 ft²
|
$369,000
1 Bed
1 Bath
528 ft²
|
$347,500
-5.83%
07/08/2020
|
Rosalie Andrews
Bean Group / Portsmouth
| |
|
08/30/2019
|
1 Bed
|
1 Bath
|
528 ft²
|
$339,000
1 Bed
1 Bath
528 ft²
|
-
-
|
-
| |
|
08/29/2018
|
1 Bed
|
1 Bath
|
528 ft²
|
$424,000
1 Bed
1 Bath
528 ft²
|
$412,000
-2.83%
10/09/2018
|
Lisa Parsons
Carey & Giampa, LLC
| |
|
05/03/2018
|
1 Bed
|
1 Bath
|
528 ft²
|
$299,900
1 Bed
1 Bath
528 ft²
|
$299,000
-0.30%
08/30/2018
|
T.J. Potter
Keller Williams Realty-Metropolitan
| |
|
09/02/2017
| |
1 Bed
|
1 Bath
|
528 ft²
|
-
1 Bed
1 Bath
528 ft²
|
-
-
|
-
|
|
06/04/2010
|
1 Bed
|
1 Bath
|
528 ft²
|
$259,000
1 Bed
1 Bath
528 ft²
|
-
-
|
Faye Namazi
FARS Realty Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017