16 Armand Beach DRIVE
About This Property
This Key West style stilt 3 story home with Bahama shutters is only a 15 min walk to beach access.
Upon entering the 2nd floor you will be amazed at the openess and cozy space with vaulted ceilings, gas fireplace and engineered hardwood floors. This home has 2 bedrooms with a spacious loft which features 2 twin bed window seats, that could be used as a third bedroom with it's own full bathroom. This house boasts a wrap around porch - partially screened with privacy all around. The ground floor is enclosed screen room and perfect for entertaining. Separate area for grilling, small garden area, potting station, and even a shed. Covered carport with room for 2 cars and plenty of storage. Separate covered entry staircase located near covered parking. Professionally landscaped and has water feature, firepit, irrigation system, flagstone walkway and a no-mow yard all surrounded with a PVC fence. Even has a golf car parking spot. This home is a great second home, or investment property as well!
Coastal AC unit 2019, Water Heater 2021, Painted 2020, Roof 2021, stove 2023, Hurricane Shutters
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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