741 CYPRESS RD
About This Property
Nestled on a large, flat, fenced-in lot, this property features a spacious deck, perfect for outdoor entertaining, and a walkout finished basement that adds versatile living space.
Upstairs, there are 3-beds, 2-baths including a primary suite in addition to the kitchen, dining and living room. Downstairs, there are an additional 2-beds, 1-bath, laundry room and large family room.
Roof replaced in 2020 and deck replaced in 2023.
Manhattan Beach residents enjoy access to the Magothy River via a boat ramp, making it easy to spend weekends on the water. The community clubhouse provides a playground and a party room, offering ample opportunities for socializing and recreation.
Don't miss out on this fantastic opportunity to live in a vibrant community with exceptional amenities.
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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