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103 S 29th Street
About This Property
and coastal charm. Built in 2020, this 4-bedroom, 3-bathroom home has been meticulously cared for by its owner and still feels nearly
brand new. The home features durable Hardie board siding, real wood floors, and a spacious layout designed to accommodate family
and guests with ease. Two sets of built-in bunk beds allow the home to comfortably sleep up to 12 people, making it ideal for large
gatherings or a future vacation rental. The downstairs living areas feature elegant 5-inch plantation shutters, while all windows
throughout the home were professionally tinted in 2020, adding both privacy and energy efficiency. Additional efficiency features
include spray foam insulation in the attic and two air conditioning units to ensure comfort throughout the home. The entire property is
also serviced by a whole-home water softener system. Several recent improvements enhance both the appearance and functionality
of the property. The home was freshly painted in 2023 and received a new roof that same year. Gutters were installed in 2025, and the
outdoor space was upgraded with artificial turf and additional pavers, creating additional parking and a low-maintenance yard. Step
outside and enjoy the saltwater pool, perfect for relaxing after a day at the beach. While the property has never been placed on the
rental market, it would make an excellent short-term rental opportunity or second home. Furniture is negotiable. If you're looking for a
coastal property that offers modern construction, thoughtful upgrades, and easy beach access, this home is truly a must see.
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Cap Rate Calculator
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