4938 SE Major Way
About This Property
Spacious 3/2 on rare 1+ acre in desirable Rocky Point neighborhood with boating access. 2015 roof, 2016 AC, hurricane shutters and completely fenced. 1+ acre,, lush landscaping including many fruit trees. Create your private tropical retreat. Room for pool and your boat. Nature lover's paradise!
Screened in porch off of the master bedroom, large game room with pass-through window from kitchen - perfect for entertaining. Skylight and security system.
Twin Rivers and Maggie Hammock parks within walking distance. Sandsprit and Broward Street boat ramps nearby. Bike or walk to Manatee Pocket and enjoy local waterfront restaurants and seafood, Historic Port Salerno River walk, water sports and live music!
Room sizes are approximate
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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