1731 SHORE DR
About This Property
Beaming with natural light from the bay window the living room is open with a gas fireplace, and built in shelving. Kitchen features SS appliances, and granite counters. Separate utility room with storage space, and stackable washer & dryer. The rear sunroom is a huge selling point, with vaulted ceilings and plenty of room to entertain family and friends. Two slider doors lead from the sunroom to the back deck where you can enjoy morning coffee or a weekend BBQ. Fenced in yard, and plenty of privacy.
Complete with vinyl flooring throughout the house. Including 2 generous sized bedrooms, sharing an updated full bathroom right off the hallway.
Water privledged community, with tons of amenities. Just a few blocks from the water with access to the community pier, 5 sandy beaches, playgrounds, picnic areas, a marina and boat ramp!
Please note that the tax record for square footage is not correct. The home is approx. 1300-1400sqft.
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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