1330 S SHORE DRIVE
About This Property
Recent improvements include a new roof (2023), all new windows (2023), HVAC system (2024), and a private boat dock (2024). The property is further enhanced by a durable composite seawall, helping protect the shoreline while providing easy access to the water.
Inside, you'll find tile flooring throughout and a spacious floor plan designed for comfortable living. The primary suite features an upgraded custom closet system, while the remodeled interior offers a clean, modern aesthetic throughout the home.
Outdoor living is a highlight of this property. The expansive covered rear porch spans nearly the entire width of the home and is equipped with remote-controlled retractable screens, allowing you to enjoy the space year-round. A dedicated concrete pad is already in place for a future outdoor kitchen. For those needing additional flexibility, the property also includes RV hookups.
The canal location offers the added benefit of regular maintenance due to its role as an emergency access waterway, helping provide continued navigability and accessibility to the chain of lakes.
Additional features include a private well with a water filtration system and a quiet location with no through traffic.
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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 New Eden
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017