1212 Isabel Drive
About This Property
The main living level features an open-concept design with soaring vaulted ceilings and exposed beams, providing seamless flow from the kitchen to the living area and out to the waterfront balcony with endless views. Designed for both comfort, and entertaining. The kitchen is equipped with a gas range, and the living area is anchored by a fireplace, adding both functionality and warmth. Also located on the main floor are two bedrooms and two bathrooms, including a guest suite with an ensuite bath and bay views.
An elevator services all three levels, offering convenient access throughout the home. The private primary suite showcases incredible water views, a spacious bathroom, and an oversized walk-in closet.
Outdoor living is equally impressive, highlighted by a covered outdoor kitchen overlooking the pool and bay. A heated pool allows for year-round enjoyment, making this an ideal setting for entertaining and waterfront living.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017