16135 Villa DRIVE
About This Property
This spacious 3-bedroom, 2-bathroom residence boasts over 1300 square feet of living space, thoughtfully designed to maximize comfort and functionality. Step into the inviting Great Room, where sliders beckon you to step outside onto the expansive deck, ideal for hosting gatherings with family and friends or simply soaking in the sun-kissed ambiance.
Bring your toys and gear, as this property features a remarkable 1300+ square feet of underneath-the-home garage space, offering endless possibilities for storage, workshops, or even converting into additional storage areas to suit your lifestyle needs.
Retreat to the comfort of generously sized bedrooms, providing ample space for rest and relaxation after a day of seaside adventures. The property is completely fenced in, ensuring privacy and security for you and your loved ones.
Conveniently located close to shopping, restaurants, and other amenities, this home offers the perfect blend of tranquility and convenience. Whether you're seeking a full-time residence or a seasonal getaway, this property presents a remarkable opportunity to embrace the coastal lifestyle and create cherished memories for years to come.
Don't miss out on this exceptional offering – seize the chance to make this coastal retreat your own 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017