69 Redfish Circle
About This Property
updating include new carpet, new interior paint, new stove, microwave, & brick paved patio in the backyard.
This low maintenance home is situated on an elevated site with no flood insurance required. It's light and spacious and features 10' ceilings, tiled main living area, plenty of windows for natural light, and two covered porches. The first level features an open kitchen/dining and great room plus a bedroom with full bath. Upstairs features two guest bedrooms and bath plus a large Master Suite with walk-in closet, whirlpool tub and private covered balcony.
The back yard is walled for privacy and features a nic brick paved patio for family gatherings. Owners and their quests enjoy access to the nearby pool, fitness center, bocce ball and shuffleboard court at the Village of Beach Mountain Beach.
This is an ideal family beach home or rental investment.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017