806 Ocean 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 |
|---|---|---|---|
| Aug 29, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by Ward Wight Sotheby's International Realty | $850,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
| Sep 2, 2017 | Listed | $950,000 | |
| Listed | |||
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Sought after, but seldom found...an enchanting craftsman home with 2, separate, updated 1 bed rental units + 4 bay garage. Set in a stellar location 1 mile from the Atlantic Ocean. Enjoy summer near the beach and tennis courts, autumn by the raised hearth fireplace, spring on lovely outdoor spaces which include a side yard, deck + classic front porch plus the comfort of year round income. So much larger than it appears, the main home has 4 bedrooms, 3 of which are on the first floor, stained glass windows, 2 vaulted ceilings + a delightful kitchen with granite counters + radiant heat. Rear rental units have large rooms, sep. electric utilities including heated garage. Relish all this community has to offer + write your new chapter in a home the owners have filled with joy for 35 years
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017