55
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155 Utopia Circle
About This Property
This estate has three separate buildings on the property with 6,425' of air conditioned living space plus over 2,400' of garage! The main house has a 3 car garage, 5 bedrooms & 5 full baths (Another 1st flr room can be made into a bedroom if needed). There is access from two upstairs bedrooms to the 2nd story expansive walkway overlooking the pool, which has an outdoor spiral staircase for you to walk down to the pool area, or if you are lounging poolside ahead of a rocket launch, you can take the spiral stairs up to observe the launch from your deck. The second building has a 4 car garage (air continued!) with a pool bath and an upstairs 2 bedroom / 1 bath apartment with kitchen. The third building is a 600+ sq' air conditioned cabana. It can be used to lounge during an afternoon rain while in your bathing suits or even a private yoga studio/ gym! The community has a brand new marina on the Indian River built by Waterfront Solutions. A boat slip is just one advantage of owning this home. You can even use the available boat ramp to put your jet skis in the river! It is rare when an opportunity presents itself to own such a unique property. Take advantage of the current family relocating to make it your own!! '||chr(10)||''||chr(10)||'
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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