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809 S WATERWAY
About This Property
master bedroom (16'x13') with 2 closets. Enjoy cooking in a large kitchen. From your living room you can take in the beautiful view of the boats
docked across the street in the community's private harbor on the Intracoastal Waterway. Docking space for your own boat is available for rent
from the HOA. This home also features storm shutters that are easy to roll down & up. Quality construction and stylish design is offered turnkey.
seasonal lease in place until April, 2027, buyer can assume the lease.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017