16 9TH STREET
About This Property
The living and dining areas boast recessed LED lighting and a ceiling fan with a multi-setting remote, creating the perfect ambiance whether you're relaxing after a day at the beach or hosting friends. Both bedrooms are designed with comfort and convenience in mind, offering organized closet systems and ceiling fans with LED lights. The master bedroom features unobstructed water views, perfect for waking up to the sunrise over the river. The bathroom is a sleek sanctuary with matte black fixtures, a low-maintenance fiberglass shower/tub, and a unique accent mirror with built-in shelving for added storage.
Throughout the home, luxury vinyl plank flooring adds both durability and beauty, while custom two-tone paint, oversized baseboard trim, and upgraded door packages provide an elegant finish. The home is equipped with energy-efficient systems, including a Mitsubishi 4-head mini-split system for optimal climate control, a tankless water heater, and a 200-amp electrical service, ensuring you can enjoy modern comforts with low energy costs.
Step outside and the coastal charm continues. To the rear there is extra defined parking with a crushed offering ample covered parking, while to the front, the two-toned hardscaping, nautical fencing with natural hemp rope, and river rock beds create a serene, low-maintenance landscape. The elevated patio is perfect for outdoor dining or enjoying the ocean breeze, with a 50-amp RV/EV plug for convenience. This home is the perfect blend of beauty and practicality, offering not just a house, but a lifestyle. From the custom features inside to the meticulous landscaping outside, every detail of this villa has been thoughtfully crafted to offer the ultimate beach retreat. Don't miss your chance to own this slice of paradise.
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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