2937 Tropic Road
About This Property
Concrete block home with All hurricane rated windows. Gas Hot water heater (leased), STOVE is stubbed for gas. Stubbed for gas dryer Nicely appointed newer kitchen, all tile floors throughout, freshly painted, all windows have nice slatted blinds. Master bedroom is over sized for it use to be 2 bedrooms making it light, bright & easy to call your own. Entire house was fully renovated 5 years ago, corner lot, fully fenced, Great storage in Laundry room, fabulous on premise storage shed, One Car Carport. Convenient location to all the shopping & restaurants and major employers as well as highway US one. 15 minutes to the beach too
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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.
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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 Breeze Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017