7
Map
120 Cardinal Drive
About This Property
Walk to the Beach! Looking for a beachside fixer with tons of potential and community deeded beach access.... Look no more. This 3/2/2 is situated on .33 of an acre giving you plenty of room to spread out, expand, even create an impressive garden. Stroll down to the beach for amazing sunrises or magnificent launch viewing. A rare gem to own a slice of paradise under 500k!
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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