28 3rd Street
About This Property
The open-concept downstairs is perfect for gathering, with a seamless flow between the kitchen, family room, and dining area, plus a convenient half bath. Upstairs, a lofted den offers flexible space for work or play. The oversized main bedroom features a huge walk-in closet and a private ensuite bath. Two additional spacious bedrooms share a Jack-and-Jill bathroom. The yard is fully fenced.
Your new home is conveniently located less than 1 mile to a public boat launch, less than 3 miles from Eglin, 11 miles from Hurlburt, and is minutes from shopping, restaurants, and schools.
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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