89 N El Mar 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%.
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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 |
|---|---|---|---|
| May 12, 2022 | Sold | ||
| Sold | |||
| Apr 9, 2022 | Listed by RE/MAX Ultimate Realty | $594,000 | |
| Listed by RE/MAX Ultimate Realty | |||
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This is an amazing opportunity to live nestled between the intercoastal and ocean with private beach access for the Beach Club Colony community. This gorgeous rebuilt in 2006 home has 3 bedrooms & 2 bathrooms. This beachside beauty boasts with a large open floor plan and vaulted ceilings in every room. Large white kitchen with lots of storage and granite countertops. All new Stainless Appliances in 2019. Stunning 18 in diagonal floor tiles throughout living area and bathrooms. Every bedroom has upgraded laminate flooring. New Roof in 2020,New A/C in 2021,Tankless Water Heater, and TWO Driveways for your boat/RV. New Washer & Dryer installed in 2020. Take advantage of this amazing opportunity to live in paradise pay with only $148 a YEAR HOA fee! Airbnb&VRBO ready turnkey fully furnished.
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| Nov 15, 2019 | Sold | ||
| Sold | |||
| Aug 19, 2019 | Listed by RE/MAX Masterpiece Realty | $350,000 | |
| Listed by RE/MAX Masterpiece Realty | |||
Property Highlights
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017