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About This Property
The beautiful marble flooring compliments the generous use of custom millwork details, with columns, ceiling beams and intricate molding treatments throughout the home. Oversized windows and French doors maximize the gorgeous ocean views from almost every room. The breathtaking views from the second story master suite lend a sense of light filled tranquility and privacy. The sitting room off of the master bedroom is perfect for completing some early morning correspondence or answering emails over a fresh brewed coffee.
The pool area is located on the leeward side of the property sheltering bathers from the ocean breeze while creating a perfect spot to relax and enjoy a sun filled afternoon. The pool is surrounded by extravagant landscaping with tall swaying palms and flowering trellises.
Off of the pool is the two bedroom, two bath guest house which has a fanciful dA©cor featuring a built-in wood paneled bar ideal for gathering friends for a special occasion. Your guests will never want to leave!
The property is located in one of the most exclusive private communities in Florida which offers golf, tennis, a state-of-the-art fitness facility, a private beach and first class security.
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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 Old Port Village
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$6,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017