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550 Port Malabar Boulevard NE
About This Property
In the back, enjoy your private screen-enclosed sparkling pool-perfect for year-round swimming. A portion of the lanai is covered, giving you shade while still keeping you close to the fun, and the primary suite's bathroom includes a direct exit to the pool for a convenient pool bath option. Even with the screened enclosure, you'll still have a generous lawn area outside for play or gardening. Inside, the home features spacious gathering areas, multiple hall closets for organization, and an interior laundry room with its own exit door. The kitchen is updated with granite, updated cabinets and a full appliance package. The garage adds even more functionality with built-in storage, a small workshop area, windows for natural light, and a separate access door.
This location is idealjust ¾ of a mile to Arc Park with its playground and green space, and only about 2 miles to I-95 for easy commuting, shopping, and dining options. Offering the perfect blend of indoor comfort and outdoor enjoyment, this home is your 24/7 staycation retreat. Don't miss the chance to make it yours today!
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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 Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017