5748 Foley STREET
About This Property
Situated on a HUGE lot with a long, wide driveway and plenty of off street parking with mature Oaks and Palms, sits this magnificent home. With a few minor improvements this home can truly be spectacular!! Boasting 3 bedrooms, 2 baths and a spacious great room that may be used as a living room, dining room combination. All of this offers an inviting atmosphere with plenty of space for entertaining. The split floor plan offers privacy and separation between the bedrooms, making it ideal for those who value their personal space or home office. With two full bathrooms, there is ample convenience and functionality for all. The updated primary bath features a walk-in shower, a stylish vanity, and high-quality materials to enhance the overall aesthetic. There's a large walk-in closet adjacent to the primary bathroom. The property also features a fenced backyard with a shed, providing additional storage space. Outside, there is a deck, perfect for relaxing and enjoying the outdoors. Additionally, this property is conveniently located just minutes away from the beach, offering easy access to ALL coastal activities and leisure. Some recent updates to the house include a new HVAC system installed in 2020, updated electrical panel and a hurricane garage door. Overall, this home provides a comfortable and convenient living space, with great proximity to beaches, schools and shopping.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017