11 W Bayou Forest Drive
About This Property
A gravel driveway leads to the 3 bedroom, 2 bath home, where new flooring throughout creates a fresh, cohesive feel. The living area flows easily into the updated kitchen, featuring new cabinetry, a farmhouse-style sink, Samsung refrigerator, microwave/vent hood, and space for everyday meals or visiting guests. Both bedrooms provide comfortable retreats, and the bathroom includes an updated vanity.
Meaningful recent improvements include a new roof and dock in 2023, plus a new septic tank and drain field 2025. With 1,233 square feet, a manageable footprint, and nearly three-quarters of an acre on Mallet Bayou, this property delivers an uncommon opportunity to enjoy waterfront living in Freeport. All information is deemed reliable and provided for informational purposes; buyers are encouraged to independently verify all details.
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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