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5497 N Ocean Boulevard
About This Property
This beautifully reimagined 3-bedroom, 2-bathroom home showcases brand-new flooring throughout, impact-resistant windows, a newly paved driveway, and lush, professionally designed landscaping.
The spacious backyard includes a large storage shed-perfect for beach gear or tools-and room to entertain or relax outdoors. Inside, thoughtful upgrades shine in every room, offering a bright, open layout ideal for both everyday living and hosting.
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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 Tropical Park
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$3,650 /mo
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$3,800 /mo
- 2 Beds
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- 992 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017