4006 Cardinal BOULEVARD
About This Property
Wilbur By The Sea is your quintessential beach neighborhood. A very short walk get you to the beach, the river, and the local restaurant, Boondocks. The marina there also hosts the Freedom Boat Club. For only $20 per year per family, you can join the Wilbur Boat Club. They have monthly pot luck suppers, yoga, and game nights. They also invite Wilbur college students to apply for college scholarships each year. The boathouse has a very nice fishing pier where you can watch some of the most spectacular sunsets you will ever see. There is also a kayak launch and a map of all of the spectacular kayak trails in Wilbur Bay. For full time residents, Wilbur is a wonderful place to live. It is in a good school district and close to shopping and dining. For part time residents, Wilbur is a fantastic alternative to condo living. Lock and go and just pay for the lawn guy. No HOA fees make it very affordable.
Square footage received from tax rolls. All information intended to be accurate but cannot be 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