Breathtaking, panoramic sunrise-to-sunset views from this fully
furnished waterfront home situated across two expansive lots-as
seen on Magnolia Network's Beachfront Bargain Hunt Renovations.
Designed for open and airy living, the interior features soaring
vaulted, beamed ceilings and an abundance of natural light
throughout. The functional layout includes 2 primary suites
upstairs; 2 bedrooms, a full bath, a separate kitchenette, and a
living area on level 1, offering exceptional space and privacy.
Inside, you will find extensive all custom updates including
flooring, custom cabinetry, quartz countertops, stainless steel
appliances, tile work, and fresh interior paint. System upgrades
ensure total peace of mind with a new HVAC, septic system,
electrical, plumbing, double-insulated windows and doors, and a
durable HardiePlank exterior. Step outside to enjoy fresh
landscaping, a sturdy wood bulkhead, and a brand-new lighted pier
perfect for fishing, boating, or relaxing under the stars.
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.
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