848 Bay Point DRIVE
About This Property
Elevated living and hurricane-rated windows and doors provide lower insurance costs and waterfront living peace of mind. A beautiful 2-story foyer, nice laundry room, custom brick driveway and new elevator to all floors round off the features of this incredible home. Comfort, convenience, quality and a prestigious coastal location combine to make this home the perfect seasonal retreat or year round residence.
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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 Madeira Beach
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$3,900 /mo
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$3,400 /mo
- 3 Beds
- 2 Baths
- 1,230 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017