Exquisitely updated in coveted Bermuda Bay this exceptional home
features expansive living areas, 4 en suite bedrooms/5 designer
baths in a bright, open floorplan. The delightful screened patio
overlooks a renewed saltwater pool/spa with sunny Southern exposure
and private fenced yard. Rich architectural details include soaring
cathedral ceilings, transom windows, 8' solid doors, layered crown
molding and tray ceilings. Upscale kitchen, appliances and bar
area! Other features include a/c attic, 2 storage rooms, 2016 tile
roof, luxe finishes throughout, 24 hr. guard and beach access. Must
see!
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.
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