122 Waters Edge Drive
About This Property
- Paneled side-by-side Sub Zero refrigerator and freezer
- 6-Burner Wolf gas range
- Quartz countertops with 3" miter on center island
- Wine cooler and beverage center in wet bar
- Custom wood shaker cabinets with ample storage for platters and large countertop appliances
- Wide plank white oak wood flooring in main living areas
- Master suite bath features marble flooring, solid wood vanities and marble vanity tops
- Secondary baths feature luxury plumbing fixtures, solid wood vanities and quartz vanity tops
- Home will include an elevator
Exterior Features
- Concrete block construction
- Impact windows and doors
- Double Mahogany Front Entry Door with louvered lower panels
- Flat cement tile roof
- Summer kitchen with gas grille, refrigeration and sink
- Generous allowance for closet systems
- Epoxy garage floors
- Tankless water heaters with recirculation pump
- Saline pool system with Jandy controls
- Gas pool heater
- Generator ready
- Backyard stubbed for gas fire pit
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Cap Rate Calculator
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