189 Eastern Lake Road
About This Property
Deeded beach access through Summer's Edge leads directly to the sugar-white sand and is available to owners, renters, and guests. The property also has documented beach access rights along Belmar Drive. Second- and third-floor porches take advantage of Gulf views and sunsets, with additional covered space for outdoor living.
Inside, hardwood floors, oversized windows, and an open floor plan keep the home bright and relaxed. The kitchen features stainless steel appliances, generous counter space, and a breakfast bar, while five bedrooms and four full baths offer plenty of room for family and guests.
Outside, the larger homesite gives way to a private pool, fenced backyard, and mature palms for added privacy.
From here, days are easy. Walk to the beach, bike into Seaside, or spend the afternoon by the pool. With an established rental history, future bookings, and a fully furnished offering, the home is ready to enjoy from day one.
Rental history available upon request.
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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