20 Periwinkle Lane
About This Property
The functional floor plan includes two first-floor bedrooms, two full bathrooms, a laundry area, and easy outdoor access. The second level serves as the central gathering space, featuring an open-concept living, dining, and kitchen area with vaulted cypress ceilings, a gas fireplace, and abundant natural light. The third-floor suite offers a private deck with stunning southwestern Gulf viewsperfect for enjoying the sunsets.
A new elevator enhances accessibility to all levels, and with ample storage and parking, the home is conveniently located just minutes from Seaside and WaterColor, providing easy access to boutique shopping, dining, and entertainment. Whether you're looking for a rental investment or a personal coastal retreat, this property offers the essence of 30A living with a blend of charm and possibility.
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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