1186 PENMAN Road
About This Property
This Beautifully updated Home is a Short Bike Ride or Brisk walk to the Beach. Walk across the Street to Well Know Establishments like Cinotti's Bakery and Penman Diner.
Many Upgrades in this Beach Charmer such as a Brand New Roof, Modern Interior Features to include Granite Countertops, Stainless Steel Appliances, Farm Sink, Newer Water Softener and Filtration System, Updated Cabinetry in the Kitchen and both Baths. Newer Kohler Luxury Walk In Shower in Owner's Bath. The Screened Patio leads to a Private Backyard with Custom Artificial Turf for a Maintenance Free Lifestyle.
Very easy access to Baptist Beaches and Mayo Clinic Hospitals
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017