1371 Beacon Circle
About This Property
The backyard is resort-like! The saltwater game pool has a hot tub and cold water spa to sit in under the umbrella, along with a nice sun shelf at the opposite end. The home boasts over 4,000 square feet of living space. Downstairs you will find a living room, formal dining, kitchen with an island, walk-in pantry, a half bath, guest bdrm and laundry room. As you take the spiral staircase upstairs you will see the large loft area with a built in desk and wall unit, by California Closets. The master bdrm/bath and 4 guest rooms and 2 guest baths as well are upstairs. 2 of the bedrooms have a jack and jill bathroom. The master and guest room have doors out to the balcony that overlooks the natural preserve in the backya Features include:
Plantation shutters on all windows on second floor
Accordian shutters on second floor and over large custom front french doors
Tall ceilings-10 ft downstairs and 9.5 ft upstairs
2nd story floor is concrete for noise reduction and extra strength
Custom balloon railing on 2nd floor balcony from French doors in guest room or door in master overlooking pool and natural preserve/ lake view
Saltwater Pool by Cushing with cold water spa, extra large hot tub, and sun shelf and connected to aqualink comes with the safety pool fence
Brick deck around the pool is laid on concrete
Bug system barrier by Platnium Mosquito Protection
California Closet systems
Gas appliances- dryer, stove, oven, outdoor pool heater, outdoor grill, water heater
Outdoor Bar
Fenced backyard
Upgraded/plush landscaping, tropical oasis in the back, royal palms across the back pool area, bougainvillea arch at entryway
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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 Black Diamond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017