4112 Cardinal BOULEVARD
About This Property
Wilbur By The Sea is the perfect neighborhood to walk and bike. The Wilbur Boathouse offers a pot luck supper once a month, the perfect way to meet your neighbors. They also offer yoga several times a week and game nights. The Wilbur Bay has some of the nicest kayaking around, and from the convenient kayak launch at the boathouse, you can kayak the trails or up to Boon Docks or the Deck Down Under, our neighborhood restaurants. You could also kayak south to Disappearing Island and Ponce Inlet, glide along with the dolphins and manatee. When you get back from playing in the river or the ocean, you can shower in the outdoor hot and cold shower. Then relax on the deck where you can hear the ocean so beautifully. If it is a launch day, you can also watch the rocket from the deck, This is quintessential beachside living at its absolute finest.
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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