5554 A1A
About This Property
The Master Suite presents like a regal retreat space with a private balcony, roomy custom closets in the ensuite bathroom & a luxury tub with peekaboo views of the ocean within the glass shower. Ample parking spaces available in the driveway and in the immaculately kept garage with an outdoor shower just outside. There are so few newer homes of this quality left under a million this close to the beach AND also convenient to shops, dining & recreation. Let the Beachside Escape become yours.
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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