41 Ocean Drive
About This Property
ceilings throughout, fireplace, with almost 2800 sq. ft. of living area. Exquisite architecturally designed ceilings and floor plan. This charming home is CBS construction with freshly paint exterior. Jupiter Inlet Colony community offers beach access with stunning turquoise, clear ocean waters. This neighborhood is a playground for snorkeling, paddle boarding, fishing and more. Jupiter Inlet Colony is surrounded by the Atlantic Ocean, Intracoastal waters and Jupiter Inlet. Leashed dogs allowed on beach. Community is its own town with a private police department for the 243 home sites.
Call for details. JIB Club Marina with boat slips and beach club available for additional fees and or membership required.
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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 Jupiter Inlet Beach Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017