11040 141ST WAY
About This Property
This 3 bedroom / 2 bath split floor plan offers privacy and function, centered around a spacious kitchen that's truly the heart of the home. Featuring granite countertops, stainless steel appliances, and an abundance of cabinet space, this kitchen is ready for both everyday living and entertaining. Relax in the bright and airy Florida Room, complete with a large indoor storage closet-a rare find! Just off the Florida Room is another large weatherproof breezeway that leads you to a private outdoor paver patio, perfect for outdoor dining or unwinding in the fenced backyard. Worth mentioning: Super cute courtyard type entry, side entry 2 car attached garage, tankless water heater, whole house water filtration, well irrigation system, many of the living areas are versatile, and there are a lot. Whether you're seeking a full-time residence, vacation home, or investment property, this one checks all the boxes: close to the beach, no flood insurance required, and loaded with charm and functionality.
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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