242 SHORES Boulevard
About This Property
Conveniently situated within the St. Augustine Shores community, residents have easy access to a wealth of amenities, including swimming pool, fishing dock, plenty of walking trails, parks, and a clubhouse for social gatherings. Additionally, the property's proximity to the beach means that sandy shores and refreshing ocean waves are just a short drive away, offering endless opportunities for relaxation and recreation.
Come and make this stunning residence your own coastal retreat.
Seller is offering $10,500.00 towards closing cost assistance, and/or upgrades.
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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 St. Augustine Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017