110 Sunny Lane
About This Property
From the roof to the floor, from the kitchen to the bath, everything here is newer, not too mention the yard is beautifully landscaped with lots of brick pavers for polenty of parking. The upstairs area has private entrance along with house entrance. The upstairs area can be the third bedroom or a separate apartment. Enjoy the summer afternoons on the upstairs deck, on the large screened patio or BBQ on the outside patio in the private back yard. Only a short walk across to the Beach and just a few steps to the River. Bring your kayak, canoe and surfboards. Easy access to Patrick AFB or the Cocoa Beach downtown area.
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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