141 SMITH Street
About This Property
This home offers smart features, including a Ring camera system, security system, smart lock, and solar panels for added efficiency and peace of mind. Built in 2020, everything still feels fresh and updated, giving buyers the opportunity to move right in without the worry of major expenses. With the solar panels, the average electric bill is approximately just $50 per month, helping keep monthly costs low. Conveniently located just minutes from the beach, shopping, restaurants, and everyday conveniences, this home offers the perfect balance of comfort, style, and location. Plus, with no HOA and no CDD fees, you'll enjoy added flexibility and lower monthly expenses.
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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 St. Johns
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$1,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017