156 Atlantic Avenue
About This Property
Coastal bungalow nestled just blocks from the ocean! NEW Hurricane Impact windows. New Roof 2020. New electrical panel 2021. New AC 2021. This beach home features a recently remodeled kitchen with vaulted ceiling highlighting the exposed wood beams. Includes new cabinets, granite countertops and newer appliances. New vinyl flooring throughout. Double lot, two car detached carport & parking for your RV or boat plus a detached 10 x 30 workshop & laundry room. Close to restaurants and shopping, Eau Gallie Blvd, and the beaches.
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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 Canova Beach Vacation Homesites
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$2,000 /mo
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$1,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017