129 RIVER Road
About This Property
The spacious open-concept design includes four bedrooms, two-and-a-half baths, and a dedicated office. Quality details appear throughout: plantation shutters, crown molding, coquina exterior, and an attached garage.
A newly updated kitchen anchors the living spaces, flowing into a fireplaced family/living room, den, and separate dining area. French doors open to a private, fully screened pool and spa oasis with two gas fire pits and lush tropical landscaping, an inviting setting for quiet evenings or entertaining.
The waterfront package is complete with new dock, deck, and boathouse featuring two new lifts, an upper sundeck, and a poured concrete bulkhead. Furnishings and boat are available. The home has many features and upgrades that are available on an attached list as well as the community restrictions. There is no mandatory HOA.
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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