772 OCEAN PALM Way
About This Property
Stunning Sea Colony cottage beautifully appointed and ready to move into. Rich wood floors, soft soothing colors throughout, fireplace in the great room making the entire cottage feel cozy and warm! This home just oozes charm and the rich choices that were made will make you want to move right in! Only 6 cottages down from the ocean, this darling home has just had a new roof, new paint both interior and exterior & all the wood trim replace where needed. Pretty as a picture & just like brand new!
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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