472 ROYAL PALMS Drive
About This Property
FANTASTIC ATLANTIC BEACH LOCATION! Sellers have loved living here and are sad to say goodbye. Upgrades since ownership include all new windows, extended driveway, new fencing, pavers and firepit, new sod, backyard lighting, new water heater, and new appliances. 2 year old roof, plumbing and HVAC have been replaced. Property also includes a 100 SF detached storage building. Don't miss out! Full home pictures coming soon
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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