1480 NW 3rd Street
About This Property
Step inside to discover a bright and inviting interior featuring modern white kitchen cabinets, luxury vinyl flooring, and a cozy stone-wall fireplace. The home boasts numerous updates, including a 2019 HVAC system, a 2015 metal roof, and a 2024 water heater. Imagine relaxing or entertaining with panoramic waterfront views from the spacious bonus recreation room and the 12x24 all-season room.
Outside, your backyard becomes the ultimate vantage point for spectacular fireworks, boat parades, and serene encounters with manatees and dolphins. This home also comes with a structural engineer's report (available in attachments) for added peace of mind.
With NO HOA fees, this property combines privacy with convenient access to local amenities. Whether you're searching for a year-round retreat or an exceptional lifestyle investment, this home checks all the boxes.
Don't wait-schedule your showing today and start living the waterfront dream!
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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