321 10TH Street
About This Property
short walking distance to beach, only 3 houses off East Coast on desirable AB side street. Finished in late 2014, just 15 months new. Warranties on AC. Modern coastal cottage design. Spacious family living w/ beautiful layout designed to integrate indoor & outdoor coastal living. Backyard features pool surrounded by main house, outdoor patio & carriage garage w/ 2nd story ''truss'' for a separate office or guest suite. Gourmet kitchen w/ ss appls, 2 dishwashers, coastal shake cabinets, marble counter tops & island overlooking main living areas, pool & outdoors. Purpose built electronics closet to hide AV equipment. Smart wired for all internet & audio needs, including Sonos speakers. WINK SMART HOME lighting. Hardwood floors. Downstairs flex room/office
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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