8 Pine Tree Way
About This Property
Views of the bay from second story as well as from just outside the front door. Designer tiled shower. Nothing spared from the maintenance free Jacuzzi spa outside the master French door with a privacy fence around the entire back yard, automatic sprinkler system. This home is situated on a quiet corner lot in a quiet neighborhood steps from the bay. The perfect home right near the beach and 30a, near the best restaurants, shopping, boat launch and bay that's around the corner access.
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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