401 SAN NICOLAS Way
About This Property
Intracoastal fishing dock. All 1 level home, split Br's, Hickory wood floors, updated kitchen w/Quartz counters & S/S Appliances, Living & Dining areas with 12ft ceilings, Separate family room open to Large kitchen w/huge island. Main BR w/tall ceilings & french door access to pool area, 2 walk in closets, gorgeous updated bath w/DBL vanities garden tub & separate shower. 2 Guest BR's w/guest bath, Den/office could be 4th BR w/adjacent cabana bath & closet. 1328SF Tiled Screen Pool area, Salt Chlorinated pool w/waterfall & separate hot tub. 602SF Oversize garage. Large .29Acre south exposure lakefront location.Just steps to Intracoastal park & fishing dock. Bike to beautiful sugar sand beach on the Atlantic. Centrally located only 10 min to the historic district, 5 min to 2 grocery stores &
so many fabulous restaurants & shops. Impeccably maintained community with stunning tropical landscapes. Best in Florida
Living!
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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