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324 Jupiter Drive
About This Property
The spacious bedrooms feature durable luxury vinyl plank flooring, while both bathrooms have been completely transformed into elegant, modern retreats. Beyond the cosmetic improvements, nearly every major component of the home has been upgraded, including new plumbing, HVAC system and ductwork, impact windows, impact garage door, and a tankless gas water heater, providing comfort and peace of mind for years to come. Outside, fresh stucco, new paint, and an inviting paver driveway and porch create exceptional curb appeal. Additional features such as RV hookup capability and whole-home generator wiring with natural gas hookup make this property as functional as it is beautiful. This is a rare opportunity to own a truly turnkey home just minutes from the beach.
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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