6627 Beach BOULEVARD
About This Property
While the home experienced flooding from Hurricane Helene, it has already undergone partial remediation, giving you a head start on turning this blank canvas into a stunning masterpiece. Whether you're a homeowner envisioning your perfect waterfront retreat, an investor with an eye for value, or a developer looking to build new, this is the opportunity you've been waiting for.
Imagine waking up to breathtaking water views, launching your boat from your own backyard, and enjoying direct access to the Gulf of Mexico. This property is more than just a lot-it's the foundation for an incredible coastal lifestyle.
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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 Leisure Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,850 /mo
- 2 Beds
- 1 Bath
- 1,019 ft²
$1,650 /mo
- 3 Beds
- 1 Bath
- 768 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017