48
Map
1102 Redfish Circle
About This Property
Step outside to enjoy your private swimming pool and waterfront setting, perfect for unwinding after a day on the water or hosting family and friends. Boaters will appreciate the easy access to open water and the short ride to Shell Island, making this property a true boater's paradise. The home also includes a rare three-car attached garage, offering ample space for vehicles, golf carts, and water toys, along with a large circular driveway for additional parking.
Residents of Bay Point enjoy a secure, gated environment with close proximity to Bay Point Golf Club and the popular Bar 72 restaurant. Offered furnished, this home presents an opportunity to step into the waterfront lifestyle from day one.
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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