543 CRYSTAL DRIVE
About This Property
Spanning a generous lot size of 65x112, this property not only offers ample space for your creative ideas but also comes with its very own dock and a robust 16,000 lb boat lift, making it a dream for boating enthusiasts. Imagine spending your weekends exploring the beautiful waterways and enjoying the coastal lifestyle that this prime location affords. The home boasts several impressive features, including a durable 30-year tile roof installed in 2012, hurricane impact windows and doors added in 2019, a new HVAC system (2022), and updated plumbing (2024). These upgrades provide peace of mind and enhance the property's value, ensuring that it is ready to accommodate your vision. While this property experienced some impact during Hurricane Helene, it has been officially deemed non-substantially damaged by the city, allowing you to move forward without concern. Additionally, we have a recent cash value appraisal in accordance with the FEMA rule, along with a survey and elevation certificate, ensuring transparency and confidence in your investment. Don't miss the chance to own a piece of paradise in Madeira Beach! Whether you're looking for a cozy retreat or a canvas for your dream home, this property is an exceptional opportunity waiting for you. Schedule a viewing today and start imagining the possibilities!
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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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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017