3715 JOHN ANDERSON DRIVE
About This Property
in-laws, or a private office. Enjoy a morning coffee from the upstairs balcony as the sun rises, spend quiet afternoons lounging by the solar-heated pool overlooking the trees in complete privacy, or take in breathtaking sunsets from your private dock on the Intracoastal. The fully fenced backyard offers a tranquil, secluded escape, complete with a tanning shelf, bench seating in the pool, and an outdoor shower.
This home can be purchased fully furnished, making it an effortless choice whether you're seeking a primary residence or a ready-to-enjoy vacation retreat. With brand new A/C units, an elevation of 15 feet above sea level and no flooding history, and a location within walking distance to the beach, this property blends comfort, convenience, and luxury. Priced below market value, it's a rare chance to live the Florida lifestyle you've been dreaming of.
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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