23
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411 Ninth Avenue
About This Property
4 Bedrooms plus a Bonus room! Located on a desirable dead end street. This home showcases coastal charm inside and out. Hurricane Rated Impact Windows, Sliders, and Doors. Solid concrete block home. Salt water system Pool and Hot Tub built in 2017. Solar powered and propane heater. Kitchen features granite counter tops, and upgraded appliances. Two car garage plus a 2nd driveway and Car port! Upgrades include: Tankless water heater, electrical panel, HVAC system, and irrigation system. Zoned for ''A'' rated schools, walk or bike ride to the beach, restaurants, and shopping on 5th ave.
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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 Indialantic by The Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017