24
Map
8 Coconut Road
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 |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Price Decreased |
$514,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$524,900
↓ $25K
(4.6%) | |
| Price Decreased | |||
| Jan 30, 2025 | Listed by RE/MAX Alternative Realty | $549,900 | |
| Listed by RE/MAX Alternative Realty | |||
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HIGHLY MOTIVATED! This slice of tropical paradise is ready to welcome you! 1979 build which is the age point for improved insurance rates! New impact storm windows & doors w/ transferable lifetime warranty. New air ducts 2018, roof 2019, remodeled guest bath 2021, new fence. Popcorn was removed from ceilings and replaced with skip trowel. Open concept living with spacious rooms. Inside laundry room w/ washer and dryer Kitchen is open to family room w/ fireplace. Primary bed and updated bath lead to screened pool, Tiki bar w/ mini fridge and paved patio with fire pit. Over 30 mature palms planted throughout the property making this truly a lush oasis. Enjoy the intracoastal lifestyle w/ beautiful bike rides over Mather's bridge or head east for a 1.6 mile ride to the beach. Walk to Telemar Marina and enjoy nearby Gleason and Oars & Paddles Park. This property is Florida living to its finest!
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Property Highlights
Building Info
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Price/ft²
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About Indian Harbour Beach
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$2,900 /mo
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$2,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017