109 Gulf Bridge Lane
About This Property
Entering through the courtyard, find a newly added pool and astroturf landscaping that leads to a large front porch complete with outdoor shower. Inside on the first floor, enjoy 3 guest rooms with ensuite bathrooms, alongside a thoughtfully designed laundry room, second living area, and back porch that's fashioned into an outdoor workout room. Upstairs, enjoy picturesque views from nearly every direction. A living room complete with soaring ceilings, grand fireplace and built-in window seats and bookshelves opens to a newly updated chef's kitchen, sunny sitting room, and large porch. Off the kitchen, find a dining room with its own coastal dune lake views. Down the hall, enter the primary suite, which features two separate closets and a beautiful ensuite bathroom with walk-in shower, water closet, dual vanities, and spa-like tub.
On the third floor, enjoy bird's eye views from a built-in office space, flex space, and balcony.
Craftsmanship and luxury detailing prevails across all three stories, with ample woodworking details and designer finishes that complement the quintessential Watersound Beach styling. With a dumbwaiter, built-in storage, multiple living spaces, one-car garage, driveway parking for multiple vehicles, back-door access to a lakefront trail, and unobstructed views, 109 Gulf Bridge is a unique opportunity and must-see.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017