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131 ROYAL DUNES BOULEVARD
About This Property
The unique elevations of the pool and covered lanai allow for unmatched privacy and predictable breezes from the Atlantic Ocean just two blocks away. Tropical landscaping by Pura Vida is lush and beautiful, including three hybrid coconut palms that sway above the green lawn. This home has been priced for immediate sale and is not expected to last. A 10-1 buydown is also available on this listing (see details below). Owners have compiled a list of upgrades to this home that is too lengthy to list here but it includes: New roof, New AC -- Carrier 3.5-ton coastal series with 10-yr parts / 2-yr labor warranty, transferable, New impact windows, Reverse osmosis drinking water system, professionally refinished hardwood floors, new insulated garage door, Shark coating garage floor, generator connection with 6200 watt generator, and electric vehicle charging 220 volt breaker installed. *Qualified buyers who finance through Jason Nahon with E-Mortgage Capital Inc may be eligible for a lender paid 1-0 temporary buydown, subject to qualification, underwriting approval, lender/review product eligibility and availability.
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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 Royal Dunes
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$9,999 /mo
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$2,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017