6327 Island Way
About This Property
Live with the ease of a condominium, but the benefit of a private home. NEW Roof, Electric panel and whole home wiring, new Pool surface, electric panel for future generator. Open floorplan with stunning kitchen and appliances. Redone bathrooms too!
The great room flows out to the tropical patio with private pool. The a/c is 2 years old. NO carpet. Tile and luxury laminate floors.
Metal hurricane shutters and a one car garage.
TVs and sound bars do not convey..
Qualified buyers only, please
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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 Coral Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017