1416 29Th Street
About This Property
The living room impresses with vaulted ceilings and a floor-to-ceiling stone fireplace. A heated and cooled Florida room provides the perfect flex space for entertaining.
A private primary suite sits separate from the secondary bedrooms and features an en-suite bath and ample closet storage. Two additional bedrooms share a hall bath.
Outside, enjoy a fully fenced backyard complete with a storage shed/ workshop. In addition to the attached 2-car garage, a covered carport with a separate driveway provides plenty of room for a boat, RV, or extra vehicles.
Conveniently located with easy access to local military bases, top-rated schools, and just a short drive to the beautiful white sand beaches of the Emerald Coast.
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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