38 SEASIDE DRIVE
About This Property
The modern bathroom retains its original beachside feel and design, lovingly maintained, with updated waterline and piping, plus the potential for an additional half bath. In the kitchen, you'll find beautiful granite countertops, a dishwasher, and an overhead microwave, complemented by plenty of cabinet and storage space. The laundry room is located inside and has a washer/dryer included. A shed in the backyard provides additional space for your beach toys and storage.
This home is also equipped with gorgeous Bahama louvered shutters. The roof was replaced in 2020, with A/C from 2010 and a new water heater. The bedrooms are carpeted, and the rest of the home features easy-to-clean wood luxury vinyl flooring. Recent updates include a newly emptied septic tank, replaced drain field, updated fuse box. Even the furnishings are negotiable, making it easy to move in, unpack, slip on your flip-flops, and head to the beach.
Located in a prime spot, with the Intracoastal River at one end of the street and the Atlantic Ocean at the other, you'll be close to grocery stores, shopping, and just across from Tom Renick Park, offering ample parking, bike racks, handicap accessibility, picnic pavilions, a playground, and showers and restrooms on this pristine no drive beach.
Whether you enjoy sunrises and sunsets, manatee and dolphin sightings, turtle nesting, fishing, surfing, boating, paddleboarding, or attending beach parties, the possibilities for outdoor fun are endless. Amazing Shuttle launch viewing space from your backyard or the beach. Plus, you're just a short trip to Disney, Universal Studios, Kennedy Space Center, St. Augustine, and more. Experience the best of both worlds with Florida living in this ideal location.
All information is deemed reliable but not guaranteed.
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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