107 Bonefish Circle W
About This Property
* Fully walled & gated .18 acre SW facing courtyard property affords total privacy with a short walk to beach
* New Boral Spanish 'S' Nuevo Terra Cotta Tile Roof w/ 10-Year warranty
* New GAF built-up flat roofs w/5-Year warranty
* New gutters and downspouts
* New painted rough sawn cedar T-111 siding
* New professional landscaping featuring robellini & areca palms, cocoplums, trinette arboricola, dwarf orange ixora, & podocarpus
* Updated multi zone auto-timed sprinkler system
* New Aluminum & painted pressure treated wood driveway gate pre-wired for auto gate operator
* Sealed paver pool patio, driveway & walkway
* Exterior & landscape lighting
* Transferable Orkin termite bond
* Approved plans for 3rd bedroom & bath expansion potential
INTERIOR FEATURES:
* New PGT impact glass windows & sliding glass doors
* New impact glass, roof & strapping of structural components complies with 2014 building & hurricane codes, providing substantial reduction in insurance costs
* New kitchen with all wood dovetailed shaker style cabinets. 3cm (1 A¼" thick) Giallo Ornamental granite ogee edge counters & island
* New GE stainless steel side by side refrigerator, slide-in range, microwave, dishwasher, double sink & garbage disposal
* New master bath with all wood dovetailed shaker style double sink vanity, Calcutta Crema marble ogee edge vanity top, custom full-height vanity mirror, Kohler fixtures, inlaid stone & tile shower w/frameless glass shower enclosure
* New guest bath with all wood dovetailed shaker style double sink vanity, Calcutta Crema marble ogee edge vanity top, custom full-height vanity mirror, Kohler fixtures, Italian porcelain tile tub surround, and large linen closet
* New powder room with all wood shaker style corner vanity & Kohler fixtures
* New Carrier split-system 16 seer 3.5 ton Comfort Series high-efficiency A/C system & new digital thermostat
* New water heater and updated electrics w/ all new switches, outlets, lighting fixtures & ceiling fans; updated plumbing w/all new plumbing fixtures & faucets
* New R-30 and R-13 insulation; new A/C ducts & vents
* Orkin preventative interior termite treatment w/7-year warranty
* New his & her custom fitted walk-in master bedroom closets. Custom fitted closets throughout residence
* New 24"diagonally-laid Italian porcelain "saturnia" floor tile throughout
* New solid core interior doors, casing, & base moldings. New brushed nickel door hardware
* New hand-textured plaster finish on walls & ceilings painted w/ Sherwin Williams latex paint in neutral off white & white color scheme
* New, never used designer furniture, artwork & accessories available for turnkey purchase
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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%.
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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 Ocean Walk Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017