102 Flip Flop Lane
About This Property
The layout offers exceptional flexibility, including two spacious primary suites with private ensuite baths, multiple guest suites, and a dedicated bunk room. A standout feature of the home is the third-floor rooftop entertaining deck, complete with a built-in kitchen, grill, and bar, perfect for sunset dinners, game-day gatherings, or evening cocktails under the stars.
With a private deeded beach access, a neighborhood tram stop nearby, and proximity to dining, shopping, and entertainment at Seacrest's town center, this is a rare opportunity to own a fully realized beach retreat designed for both unforgettable stays and effortless everyday living along 30A.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017