42
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264 OCEAN Boulevard
About This Property
The first-floor owner's suite is a private retreat, complete with a vaulted beamed ceiling, spa-inspired bathroom, and oversized walk-in closet. Upstairs, you'll find a second owner's suite, two additional guest bedrooms, and a versatile game/bonus room with a front balcony.
Additional highlights include a two-car garage, outdoor shower, summer kitchen, and newly installed turf in the backyard--ideal for low-maintenance outdoor living. This is a rare opportunity to own a beautifully appointed home in one of Atlantic Beach's most sought-after locations.
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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 Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017