18 Redfish Circle
About This Property
Massive rental income on Blue Gulf Resort homes, as local actual and projections exceed $65,000 annually.
This is an absolute show stopper of a home with all the features that you need for a rental, second home, or primary residence.
This home has been barely lived in as the owners rarely come to town.
Charming two story Florida cottage located in Blue Mountain Beach, boasting 2 bedrooms / 2.5 bathrooms and 1308 square feet. The inside is very open and bright with an abundance of windows. Nice living area with spacious kitchen, powder room, owners closet, and washer/dryer all located on the first floor. Second floor includes guest bedroom with private bath, nice master bedroom with walk-in closet and private balcony perfect for enjoying a relaxing evening after a long beach day!
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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