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272 Corona Avenue
About This Property
Four of the home's five bedrooms are located upstairs, making the placement of the large second-floor laundry room especially convenient. Positioned near the bedrooms and directly accessible from the primary bathroom, it eliminates the need to carry laundry between floors. The room includes a utility sink, upper cabinets, shelving and generous storage space. A secondary laundry hookup is also available in the garage.
The oversized primary suite offers wood-tone vinyl flooring, multiple windows, substantial closet storage and a separate sitting or dressing area. Its private bathroom is finished with cherry wood cabinetry, a long granite countertop, two separate sinks, a built-in makeup vanity and a separate water closet. A jetted garden tub is positioned beside glass-block windows, while the oversized walk-in shower is tiled to the ceiling and includes dual showerheads and built in seating. Additional glass block walls bring natural light into the bathroom while maintaining privacy.
Three more bedrooms and another full bathroom complete the second floor. All five bedrooms feature wood-tone vinyl flooring, and custom wood doors, wide baseboards, detailed casings and the oak staircase carry the home's substantial woodwork throughout.
The fully fenced backyard centers around a heated free form pool and elevated spa surrounded by tropical landscaping and generous deck space. The covered lanai, remote controlled hurricane screen, outdoor shower and exterior pool bathroom create a functional outdoor setting for swimming, entertaining and returning from the nearby beach without tracking sand through the house.
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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%.
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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