896 NE Sumner Avenue
About This Property
This rare NO HOA 1-acre lot gives you the freedom to customize your space to your heart's content. Boasting a spacious 3,806 square foot Concrete Block home, you'll have plenty of room to stretch out and make yourself at home. Plus, with the additional green space, you can add even more garage space, an in-law suite, or even your own personal playground. The possibilities are endless! And let's talk about the river access -- this home has a large dock with three boat slips and two lifts. Plus, with no fixed bridges, you'll have easy access to both the Atlantic Ocean and the Gulf of Mexico. Whether you're an avid boater or just love to watch the water from the comfort of your own backyard, this is the perfect spot for you.
But what really sets this property apart is the breathtaking view. Sitting about 12-15 feet above sea level, you'll be able to watch osprey families, fish jumping, and even air shows right from your own backyard. And with complete privacy, you can enjoy every moment to the fullest.
So what are you waiting for? Come see this one-of-a-kind property and start imagining the possibilities! Your own private paradise awaits.
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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 Rio
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017