32
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424 Michigan Avenue
About This Property
Your tropical retreat is waiting..
Come see this BEAUTIFULLY remodeled home with EVERYTHING updated. A tropical pool and almost a third of an acre of land. No expenses were spared with this remodel. Brand new roof, (most) double pane windows + sliders, new AC + electrical panels, new kitchen and baths, all new landscaping. Refinished (2019) pool with 2 new patio slabs, updated plumbing, new floors. New driveway for additional parking or RV/boat parking.
The brand new, gorgeous kitchen has white cabinets, a marble backsplash, quartz counter tops, stainless steel appliances including a 4 door fridge and low profile microwave and huge modern tiles. The big kitchen island offers plenty of room for entertaining.
The open living/din room with pool views and 3 sliders is a great place to enjoy family meals. The sliders open up to a patio, perfect for outdoor dining. '||chr(10)||''||chr(10)||'* NEW garage door will be installed. * Upper kitchen cabinet with drill holes will be replaced.'||chr(10)||''||chr(10)||'Two living area's, room for an office. Freshly painted inside & outside. Newly landscaped. Fenced. '||chr(10)||'Relax in your private backyard filled with palm trees and beautiful landscaping. Having a hard time with those HOT summer days in Florida? Take a dip in the pool or enjoy your favorite summer drink by the pool. The patio's are the ideal settings for poolside entertaining. Wine & dine and enjoy those afternoons and early evenings. Your own private oasis on walking distance to the gorgeous Indialantic Beaches!'||chr(10)||'
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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