5 KING ST
About This Property
This home is perfect for entertaining and large family gatherings, with plenty of space for everyone.
The backyard oasis with heated in-ground pool, 2 outdoor showers, ample deck space, and a gazebo for lunch by the pool or a delightful crab feast. Offered furnished, and just a short walk to all of Fenwick Islands restaurants, shopping, and fun. This beautiful home is perfect for your primary residence or a fabulous second home; it would also be a fantastic investment property.
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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