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5478 SE 51st Drive
About This Property
This home boasts many upgrades including kitchen cabinets and granite counter tops, stainless steel appliances, impact windows, interior paint and new flooring. The exterior of the home has been freshly painted and an irrigation system has been installed. Outdoors you can find plenty of space for entertaining with a large patio as well as its very own Tiki Hut and outdoor bar. The back yard is fully fenced and there is plenty of room for boat or RV Storage. The roof was replaced in (2010). No HOA, Great location! Close to the beach, boating, restaurants, shopping, highways. Sold "As Is"
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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