47
Map
117 Waters Edge Drive
About This Property
THE HOME HAS BEEN UPGRADED THROUGHOUT AND HAS FULL HURRICANE IMPACT WINDOWS. THIS STUNNING VILLA IS APPROXIMATELY 400 SQ FT LARGER THAN OTHER VILLAS IN THE COMMUNITY BECAUSE AN ADDITIONAL ROOM WAS ADDED. THE PRIVATE GUEST SUITE HAS A FULL LIVING AREA IN ADDITION TO THE EXPANSIVE BEDROOM MAKING IT AN ALMOST SECOND HOME.
THE LOT IS LARGE AND PROVIDES OPPORTUNITIES FOR ALL OUTSIDE LIVING. A CUSTOM ELECTRIC AWNING ENHANCES ENTERTAINMENT.
THE VILLA IS ALSO ADJACENT TO LARGE OPEN SPACE FOR ADDED PLEASURE AND PRIVACY.
THIS IS A GREAT OPPORTUNITY FOR LUXURY LIVING AND TO ENJOY ALL THE AMENITIES THAT ADMIRALS COVE HAS TO OFFER.
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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 Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017