12341 MEADOW DRIVE
About This Property
From the front of the lot, enjoy unobstructed views of Assateague Island and the iconic Verrazano Bridge-a breathtaking backdrop for your future home or getaway retreat. A private septic permit has already been applied for, saving you time and effort in the building process.
With no HOA restrictions, you have the freedom to build and use the property your way. Whether you're looking to create a peaceful escape, a fisherman's haven, or an investment opportunity, this waterfront gem is ready to bring your vision to life.
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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