6604 SALTWATER BOULEVARD
About This Property
Great opportunity in the boating community of Hudson. Situated on a wide saltwater canal with direct Gulf
access and no fixed bridges, this property offers beautiful water views and is ideal for boating, fishing, and
enjoying the Florida waterfront lifestyle. Elevated manufactured home with covered space below for parking,
storage, or workshop area. The home will require significant repairs and renovation, including flooring and
interior updates, and is being sold AS-IS. Perfect for investors, contractors, or buyers looking to renovate or
replace the existing structure and maximize the potential of this waterfront property. Excellent opportunity to
create a custom waterfront retreat in a desirable Gulf-access boating location close to marinas, restaurants,
and coastal amenities.
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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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RE/MAX SUNSET REALTY
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# W7883922
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Address: 335 Madison Avenue, New York, NY 10017