233 Shady Lane
About This Property
With over 200 feet of direct bay frontage, the property is ideal for boating and fishing enthusiasts, offering easy access to deepwater adventures. Surrounded by natural beauty, enjoy daily sightings of dolphins, soaring eagles, and other coastal wildlife. Adding to its value, the lot includes a tiny home, providing an immediate living space or guest accommodations while you plan your custom build. Whether you envision a luxurious estate, a charming coastal cottage, or an investment opportunity, this bayfront property offers limitless potential.
The owners would prefer to sell this property in conjunction with MLS #974714 - 227 Shady Lane.
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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