5367 3RD Street
About This Property
There is easy access at the corner cross walk at A1A to Mickler beach access which is just .5 mile away!
It is a very desirable house by the beach. Oh by the way and an important fact to many...the house did not flood in Matthew or any other storm since these owners moved in as renters in 2016 when their primary home flooded.
The upgrades include:
AC system: 2021. Maintenance contract with Climate Masters
Roof: 2015
Kitchen: 2019
Gas range: 2021
Dishwasher: 2022
Microwave: 2021
Water heater, 55 gallon: 2019
Primary suite bath with marble counter: 2019
Hurricane shutters
Windows: 2016
Wood floors refinished: 2019
Back deck: 2019
Attic access: garage
Family room with barn doors or guest suite!
Septic tank pumped in 2019
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Cap Rate Calculator
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