160 BEACHSIDE Drive
About This Property
" Rhino Shield applied (twice)
" Impact Glass Windows and Doors
" Plantation Shutters throughout the house
" Replaced all interior doors, trim, 5 ½" baseboards, and hardware
" Fully rebuilt second floor deck with Trex decking and new railing
" Power screens on the second floor deck
" Trex decking on first floor deck
" Fully renovated baths with custom cabinetry in primary bath and secondary bath, custom tile
" Hardwood floors stained in place in living room, dining room, and stairs
" New garage doors
" Slate tile and quartz countertops in kitchen and half bath
" Whole house water softener
" Replaced heat pump and added humidity control
" Added trim to the kitchen cabinets and freshly painted with new hardware, new faucet
" Rebuilt irrigation system
Smooth ceilings in living area
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017