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112 ALBATROSS WAY
About This Property
The open floor plan is enhanced by soaring volume ceilings, abundant natural light, and a cozy wood-burning fireplace that creates a warm and inviting living space. Large tile flooring throughout the main living areas offers both style and easy maintenance.
Enjoy the convenience of living just minutes from beautiful beaches, popular restaurants, shopping, and hospitals. Whether you're looking for a year-round residence or a seasonal retreat, this home offers the perfect blend of comfort, convenience, and Florida living.
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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.
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About Pelican Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017