1 Spoonbill Road
About This Property
The open floor plan with split bedroom wing of this graceful and spacious home enables you and your guests to enjoy each other's company yet find your own space. Recent renovations include a new kitchen, new baths, bamboo floors, custom millwork, new carpeting, and a generator. Luxuriate on the expansive covered lanai and feel the ocean breezes out of the east on this grand oversized property with 125 feet of water frontage. A free form pool and plenty of grass on which to play complete this wonderful home.
Manalapan residents enjoy gratis membership to the "La Coquille Club" located at the Eau Palm Beach Resort & Spa rated #1 Resort in Florida by Conde Naste Traveler.
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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 Point Manalapan
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017