2103 8th AVENUE W
About This Property
The home features one bedroom on the main floor, three bedrooms on the second, and two on the third floor. The kitchen and dining room flow into the inviting side portico and private garden. The outside living space is perfect for relaxation, playtime, and parties. Additionally, this gem features an oversized two-garage with an upstairs bonus room. You'll love the close proximity to the Riverwalk, beaches, Main Street, restaurants, shopping, professional sports, world-class golf courses, tennis, and much more. The decision you face is whether you will utilize it as your personal residence, a Bed & Breakfast, or a short or long-term rental. With no rental restrictions, the possibilities are endless! Fulfill your lifestyle and financial dream of owning a piece of paradise. Isn't it time for you to live your dreams?
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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