54
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155 Gulfside Way
About This Property
The generous master suite is on the first floor, along with two additional bedrooms and an additional full bathroom. Ascend to the second level where you'll find the main living area - open, airy and bright- plus one additional bedroom and full bathroom. The third floor loft can be used as additional sleeping area, home office, or living room with peek-a-boo views of the Gulf! Enjoy two levels of spacious porches and take in the salt air and gulf breeze. On non-beach days, you and your guests will delight in the gorgeous community pool. Offered fully furnished and move in ready!
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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