821 Seasage Drive
About This Property
New air conditioning system, hot water heater and pool heater (all 2018). Flat roof resealed 2018. Hurricane impact windows, sliders and garage door.
Need an fourth bedroom, plans available to execute an addition on north side of property very easily and reasonably.
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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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About Seagate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017