319 S OCEAN TRACE Road
About This Property
Living Room / Dining lay out. Take a brisk walk to the beach (.9 miles) across A1A and then enjoy a cool dip in the beautiful screened pool.
Ocean Trace enjoys low HOA fees which include complete lawn and shrub maintenance as well as irrigation by community wells and a gated entrance. Easy ingress and egress with a traffic light at the intersection of Ocean Trace Road and A1A. This home also features central vac, roll-down hurricane shutters on all windows & doors and rear patio. Full remote-control rolldown screen on garage door as well as a separate A/C control and zone for garage area.
Live a care-free life in this incredible island neighborhood!
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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