4512 86TH STREET W
About This Property
Outdoor living is the highlight here: enjoy a large resurfaced in-ground pool (wired for a heater), a screened enclosure, and an outdoor bar area with sink. The second full bathroom is located in the pool area alongside a laundry room equipped for a full-size washer and dryer.
The fenced backyard offers privacy and room to create your own outdoor oasis, and two sheds provide additional storage: portable AC unit in one shed. The home is offered partially furnished, and with no rental restrictions, it's well-positioned for Airbnb or long-term rental use. Close to the beach, boat ramp/s and plenty of room to store a boat or RV, this property combines coastal lifestyle with opportunity.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017