230 Murray Road
About This Property
Large MBR (15x13)on 2nd floor with full bath. 2nd BR could be double master on 2nd floor (14x12). 3rd BR on 2nd floor (11x10) share a hallway bathroom.4th BR on first floor(12x9) has built in book shelves, paneling and attic storage. Biking, walking and jogging trail along Flagler at the end of Murray Rd. 5 minute drive to Palm Beach and ocean. House propane generator with manual transfer switch.
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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.
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About Lakewood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017