25
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257 Neptune Boulevard
About This Property
Welcome to this spacious 4-bedroom, 2-bath beachside ranch located in the desirable East End of Long Beach. Situated on a 50 x 100 property, this home features an L-shaped living room and dining room, perfect for gatherings, a kitchen, and an attached garage with a laundry/utility room and convenient interior and exterior access. A private driveway provides additional off-street parking. One of the bedrooms features an ensuite bath and private entrance to the yard. Ample closets throughout and generous attic space provide plenty of additional storage.
Enjoy wonderful outdoor living with a side and rear patio, outdoor shower, covered outdoor storage, mature landscaping, and a large yard offering plenty of room for entertaining, gardening, or simply relaxing with your morning coffee.
Conveniently located just blocks from the beach and boardwalk, as well as shops, restaurants, and transportation. Move right in or make it your own. Come live by the sea and enjoy all that Long Beach has to offer!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017