14 ALCOLON Cove
About This Property
The second floor offers good-sized bedrooms and a huge bonus room that would make a wonderful game room or media room, containing a galley kitchen with icemaker, wine/food chiller, Fisher & Paykel mini-dishwasher, and wet bar. The bonus room accesses one of the 2 balconies. Along with its own balcony, the master suite also includes a large walk-in closet and a light-filled bath with dual sinks/vanities, 2-person shower, jetted tub, and water closet. One of the additional bedrooms shares a bath with the bonus room, while the other two share the other upstairs bath. Custom touches include wide baseboards and crown molding.
The 2-car garage has room for a workshop and storage of beach toys, bikes, etc. The backyard is fully fenced and ready for any pets. A retractable awning covers the patio area outside the kitchen, so you can enjoy the sun or get some shade. From custom, operable shutters to automatic window and door protection, the exterior is not only protected sufficiently in the event of strong winds, but also has beautiful curb appeal with its balconies, roof line, and orientation on its premier lot! The stunning community pool is just across the street from the home, as are 2 tennis courts and changing facilities. A short walk, bike ride, or golf cart ride takes you to the sparkling waters and white sand of the Emerald Coast via the private beach access for Avalon residents. This is a fabulous opportunity to acquire a long-term family home in a great location that also comes with the amenities that are so coveted by vacationers!
Golf cart not included. Buyer to verify all specifics.
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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