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3 Palmetto Drive
About This Property
CBS construction, impact windows, Icnyne insulation,
whole house generator, split HVAC system, 2 hot water heaters- Sonos sound system w/security cameras ,a screen enclosed and heated saltwater pool , summer kitchen with built in BBQ , ice maker and fridge make this home perfect for entertaining. Sewall's Point is an exclusive and idyllic enclave, complete with its own private police force and no HOA.
Palmetto Drive includes street access & easement rights to the Indian River for canoes & kayaks just steps away.
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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