123 Kaiya Avenue
About This Property
Residents of Kaiya Beach Resort enjoy an unmatched coastal lifestyle, with exclusive access to a private beach club, dedicated concierge services, and deeded access to the sugar-white sands of Inlet Beach -- just moments from the boutiques, dining, and charm of Rosemary Beach and Alys Beach.
Designed by Khoury Vogt Architects and built by Romair Construction, the home features a cedar shake roof, Hardie board siding, and a covered front porch that sets the tone from arrival.
Inside, the great room anchors the main level with a wood-burning fireplace, shiplap walls, and folding glass doors that open to a private courtyard with a heated pool and elevated spa. Honed limestone floors flow seamlessly from interior to exterior. The chef's kitchen is appointed with custom inset cabinetry, a professional-grade Wolf gas range, integrated paneled refrigeration, and an oversized island with prep sink - complemented by a fully outfitted butler's pantry with dual Wolf ovens. The primary suite offers a soaking tub, walk-in marble shower, dual Carrara marble vanities, and a custom dressing room. Four additional en suite bedrooms each feature designer finishes and beautifully tiled baths, with a dedicated bunk room and private bath tucked into the third level.
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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