1015 Seasage Drive
About This Property
Evoking a warm feeling of belonging, the sleek vertical lines of the spacious living room, dining room and kitchen reveal state of the art cabinets with top shelf appliances, a stunning feature wall with wine cooler and wet bar. The second floor features a loft, two additional guest suites with balcony, a sumptuous owner's suite complete with breakfast bar, and magnificent bathroom. Additional deluxe features include an elevator; smart home technology, linear diffusers, contemporary trim, solid core wood interior doors with specialty hardware and a three car plus garage to name a few. Complementing the iconic design the Floor to ceiling glass doors infuse the interior with lots of natural light and seamlessly integrates the interior space with the open resort styled pool and dual covered loggias encompasses the perfect Florida lifestyle and take outdoor entertaining to a new level. Quite simply, the home expresses pure perfection. Close proximity to the beautiful Atlantic Ocean and a wealth of luxuries and conveniences found on Atlantic Avenue.
Developer fee of 1.5% of the purchase price at closing. Buyer to pay title, documentary stamps and development fees. Builder Warranty. Must use builder sale agreement.
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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