705 REDFIN Drive
About This Property
REDUCED TO SELL! TRULY A 10+.... DO NOT MISS YOUR OPPORTUNITY TO PURCHASE A LIKE NEW HOME / INCREDIBLE REMODEL BY LOCAL CUSTOM HOME BUILDER - PHILLIPS BUILDERS.
LOCATION, LOCATION, SHORT BIKE RIDE TO THE BEACH, TOWN CENTER, WALK TO RUSSELL PARK. CEDAR SHAKE FRONT OVER BLOCK CONSTRUCTION ADDING EVEN MORE CHARACTER & CHARM TO THIS ATLANTIC BEACH SINGLE STORY HOME W/ NEW & PERMITTED PLUMBING, ELECTRIC, KITCHEN, BATHS, WATER HEATER , ALL WINDOW & DOORS, ARCHITECTURAL SHINGLE ROOF, 2 MINI SPLITS PLUS NEWLY CREATED OPEN FL PLAN W/ GREAT DETAILS & DESIGN, WIDE PLANK ENGLISH OAK WOOD FLOORS THRU-OUT, 3 BEDRMS PLUS A FLEX RM/office. LARGE LAUNDRY RM & WALK IN PANTRY, BEAUTIFUL LUSH LANDSCAPING w/ IRRIGATION, NEW FULLY FENCED PRIVATE BACKYARD W/ PLENTY OF ROOM FOR A POOL, PLUS A NEW SHED FOR LAWN EQUIPMENT & BIKES. ONE YEAR BUILDER WARRANTY ON THE NEW. ROOM TO ADD DRIVE ON EAST SIDE & detached GARAGE in back right corner.
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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