556 96th Avenue N
About This Property
This 3 bedroom 2 bath home is situated on an oversized privately fenced double lot 0.9 miles to Vanderbilt Beach. The unique pool/spa deck runs the width of the home featuring a cascading whirlpool spa and tiki covered sitting area for sunbathing and bbq-ing in style. A 6ft PVC fence offers privacy around the pool and garden / storage shed.
Vanderbilt beach is under a mile away along with the public park at Pelican Bay featuring tennis, bocce ball, basketball and more. Close by you will find The Mercato' – an outstanding pedestrian-friendly lifestyle center with a dozen diverse eateries among them The Capital Grille, BRAVO!, McCormick & Schmick's and a luxury Eat-In cinema. A scenic walk,. biking and or jogging path is just a few steps away and is your gateway to the beach. It will also take you around the amazing Gulf Shore Drive area parallel the Gulf of Mexico.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017