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12 OCEAN SHORE DRIVE
About This Property
A covered carport and extra-wide driveway provide ample parking for two vehicles. Out back, you'll find a private, fully fenced backyard complete with a covered lanai and fully wired outbuilding shed - the perfect setting for morning coffee, evening cocktails, crafty projects or unwinding after a day at the beach. River-stone edgings lead to an inviting, tucked-away side patio, perfect for bonus cookout seating or to simply take a quiet moment to yourself.
Enjoy an easy walk to local restaurants, shopping, and neighborhood pubs along famous A1A. A crosswalk at the end of the street leads directly into Tom Rennick Park, where you'll find picnic pavilions, outdoor showers, restrooms, a lifeguard station, and convenient access to the area's beautiful no-drive beach for carefree days in the sun and surf.
A public fishing pier and kayak launch on the Intracoastal Waterway are located just at the other end of the street.
This home is move-in ready, with room to shape your vision of your perfect Florida beach home.
Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
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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 Ocean Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017