142 Ebbtide Drive
About This Property
community of Mariner Key with no HOA fees or fixed bridges. It has been recently renovated and updated with two high efficiency air conditioning units, stainless steel appliances, including front load washer and dryer, upgraded pool/spa heater, recently remodeled cabana bath, new landscaping,
and has been totally repainted inside and out.
The huge family room has marble floors, wet bar with granite tops, ice machine and an area for office or library. The open kitchen
has granite counter tops, wood-mode custom cabinets, two pantries, and a breakfast area overlooking the pool and
dock. The huge master bedroom has tile with marble inlay, 2 sinks, one with vanity, and vertical spa/steam shower.see supplement The second bathroom has a marble whirlpool bath.
The formal living room has a stone fireplace and laminate wood floors. A separate formal dining room has walnut walls and marble with inlay floor.
The large fabulous patio area has brick and tile pavers and hosts a complete summer kitchen, heated pool and spa, and wood deck with gazebo. The 40' dock has a davit for wave runner, lift for boat, electric and water. This great home has double insulated Anderson windows and the owner has received insurance credit for impact resistance. Great home and a pleasure to show.
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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%.
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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 North Palm Beach Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017