8 COCHRAN LANE
About This Property
The dream kitchen boasts a large center island with seating, stainless steel appliances, walk-in pantry, and a generous breakfast nook overlooking tranquil canal views. The expansive owner's suite features a tray ceiling and a luxurious en-suite bath with dual vanities, a corner soaking tub, and a large walk-in shower. Two generously sized guest bedrooms share a well-appointed second bathroom.
Step outside to a gorgeous outdoor living area perfect for year-round entertaining, complete with a large in-ground pool and covered lanai. Enjoy low electric bills thanks to solar panels and beautifully landscaped grounds.
Ideally located just minutes to the Intracoastal Waterway by boat, minutes to the beach by car, and a short bike ride to miles of scenic biking trails-this home truly offers the best of Florida living.
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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