27
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414 Miami Avenue
About This Property
The second floor has 3 bedrooms with one being a jr. suite with their own bath. It also has a small loft area.
The first floor has all the main living area along with the master suite and guest room with 10ft ceilings and 8ft doors. There is a 3 car detached garage with extra space. The kitchen is spacious with an amazing butcher block island that everyone can gather around.
Newer appliances and lots of nice updates.
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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