706 Sandy Point Lane
About This Property
Remodeled kitchen with quartz counters and 5 burner gas range & double ovens. Water views from both the front and back of the home. All windows & doors replaced with hurricane impact in 2019. Downstairs master bedroom features his/hers walk in closets and volume ceilings. Master bathroom has a glass block walk in shower, large roman tub and double vanities.
Plantation shutters throughout. Adjacent to the master bedroom is an office with custom wood built-ins and pocket doors for privacy.
The 3 bedrooms upstairs all have walk-in closets and all have a balcony to enjoy the water views both front & back
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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 Prosperity Harbor North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017