1605 Beach Boulevard
About This Property
The master suite is a sanctuary of its own, complete with a walk-in closet and a luxurious en-suite bath. Adding to its allure, the master bedroom features a private balcony that offers an intimate space to enjoy the sunrise, sunset, and the soothing sounds of the ocean waves. The additional bedrooms are equally inviting, each designed with comfort and style in mind.
The outdoor spaces are equally impressive, featuring a spacious deck perfect for enjoying the ocean breeze and a beautifully landscaped yard that enhances the property's natural beauty. Furthermore, the property includes an easement to the beach just 50 yards from the house, ensuring easy and convenient access to the pristine shoreline.
In addition to its prime features, the current owner has a dock at the Municipal lot, which he is willing to transfer. As a resident, you will also have the opportunity to secure one of the open spaces available, adding to the convenience and appeal of this remarkable property.
With its prime location, exquisite design, and unparalleled amenities, this beach house in Lacey Township is more than just a home; it's a lifestyle.
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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