914 Fort Velasco Drive
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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 23, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Dec 22, 2024 | Listed by Carter Signature Properties | $324,900 | |
| Listed by Carter Signature Properties | |||
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Charming 3-bedroom, 2-bath coastal retreat on the Pedestrian Beach side of the island, just 3 blocks from the Gulf! The spacious primary suite features an ensuite bath and private exterior stairway access. A welcoming secondary bedroom and a third bedroom with a built-in loft provide versatile spaces for guests or family. The kitchen features stainless steel appliances, solid-surface countertops, and a stylish tile backsplash. Wood and tile flooring flow throughout, adding to the home’s beachy vibe. Enjoy ocean sounds from the expansive outdoor deck or gather around the firepit in the side yard under moonlit skies. Ideal as a primary home or an income-generating investment, this property offers a true Signature experience of coastal living!
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| May 19, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017