720 BANCROFT AVENUE
About This Property
The main home features an inviting covered front porch and an open-concept kitchen, dining, and living area, perfect for gathering with family and friends. Two bedrooms and a full bath are located on the main level, while the entire upstairs is dedicated to the primary owner's suite - complete with a spacious bedroom, full bath, living room, office nook, and a Juliette balcony offering a true private retreat.
The 800 sqft detached addition/guest house expands the possibilities, currently used as a game room with a kitchenette, full bathroom, and a loft-style bedroom. This flexible space is ideal for multi-generational living, an in-law suite, or even an income-producing rental.
Outdoor amenities include a custom gazebo, fire pit, swings, and a storage shed, all within a private and low-maintenance setting. Whether you're looking for a full-time residence, a weekend beach house, or a property with rental potential, this home fits the bill.
Located just minutes by golf cart to the beach, boardwalk, pier, restaurants, and boutique shops of downtown Colonial Beach.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017