375 144th AVENUE
About This Property
The home has been carefully maintained and upgraded with over $200K in improvements. From its metal roof to the driveway pavers, no detail has been overlooked. A designer front door leads to a foyer that separates the bedrooms from the living space and garage. The main bedroom has glass double doors to the pool that look out onto the Bay. Its bathroom is luxuriously adorned with a tropical palate and features a gorgeous walk-in shower. The guest room is generously sized with plenty of closet space, while the hall bathroom has a tub.
The open concept kitchen/living/dining room is perfect for entertaining and showcasing the water view. Other features include a mirrored wall, an electric fireplace, and in the kitchen a stylish backsplash, custom light feature, barn tub sink, and skylight. 9 KW generator protects everything!
The home comes fully furnished-just bring your toothbrush! Walking distance to the beach, John's Pass, and more. Life is short... buy the beach house!
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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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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017