16077 Buccaneer Street
About This Property
Built of solid concrete block, the home features a newer metal roof (2023), storm shutters, and an elevated design that has kept it dry during past storms. The low-maintenance yard leaves more time for what you came to Pine Island to do-get out on the water. Your boat can be ready and waiting on the included 10,000 lb boat lift. Plus, there is room for a pool!
The home is being sold turnkey furnished, so settling in can be as simple as bringing your clothes and a toothbrush. For investors, the turnkey setup also provides an opportunity to quickly get the property rental-ready and begin generating income. Whether you plan to make it your full-time home, seasonal escape, or income-producing property, this is an opportunity to enjoy the Pine Island waterfront lifestyle from day one.
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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