2 Sea Shore DRIVE
About This Property
Offered fully furnished, this turn-key property offers the rare to find 3 bedroom, 2 bath count and a 2 car attached garage for additional storage.
This open concept split floor plan affords ocean views from the living room and wrap-around porch. The spacious updated kitchen is complete with granite countertops, an island breakfast bar and stainless appliances. Travertine floors run throughout.
There is no HOA in this coveted seaside community & this is one of only eight houses that line Sea Shore Drive. With easy access to the Atlantic Ocean right at the end of the street, you're only steps away from a morning or evening beach stroll to catch the sunrise/set.
Solid concrete block construction, Ac unit was replaced in 2019 with a coastal unit & the roof was replaced in the last 10 years.
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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