80 Chelsea Loop
About This Property
The first floor includes a large garage and storage area for all your beach toys. Three bedroom suites and a living/sitting area comprise the second floor, while the main gathering area and a second master suite are found on the third. The open living/dining/kitchen is perfect for entertaining, especially with the large deck. The kitchen features granite counters, attractive cabinets, stainless appliances, and a large breakfast bar. High ceilings with crown molding, wood laminate flooring and tile bath floors enhance the interior. This property is offered furnished for those wanting a turn-key income-producing property--or personalize it to make a lovely family beach home!
Buyer to verify all dimensions and specifications.
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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