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1729 SHORE DRIVE
About This Property
Outside, the oversized lot provides flexibility for entertaining, gardening, recreation, or simply enjoying the extra outdoor space that is hard to find in this price range. The newer roof is another valuable improvement, and the property's location offers convenient access to nearby parks, community amenities, water access, boat launches, shopping, dining, and everything Edgewater has to offer.
This is a great opportunity for a buyer who appreciates an established home with character, space, a beautiful kitchen, and a large lot, while still having the ability to make additional updates over time to suit their own style.
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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