11625 MANKLIN CREEK ROAD
About This Property
Located in a desirable 55+ community packed with amenities, this charming home offers easy one-level living just steps from the creek and walking distance to the pier - perfect for catching breathtaking sunsets.
This spacious 2-bedroom, 2.5-bath home includes a bonus room that can easily serve as a third bedroom, office, or hobby space. Enjoy a large, open kitchen with ample counter space and cabinetry, ideal for entertaining or everyday living. Abundant windows flood the home with natural light, and the wooded lot offers privacy and serenity. One of the largest driveways in the neighborhood provides ample parking.
Conveniently located near the front of the community for easy access to shops, restaurants, and all that Ocean Pines has to offer.
Beach living at its finest!
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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