16964 BLACK MARLIN CIRCLE
About This Property
Upstairs, there are three guest bedrooms: the Commodore room with an en-suite bath, followed by the Sea Grass and Flamingo rooms, which share a Jack-and-Jill bathroom. There is a finished bonus room over the garage, which could serve as a 5th bedroom or a playroom. Each of these spaces has been meticulously designed with custom wallpaper by Thibaut, creating a fun and playful theme that carries throughout each bedroom.
The basement is fully finished, featuring a rear wall of windows and an ingress/egress door that allows for ample natural light to fill the space. In the center of the basement is a wet bar for parties/entertaining. Additional storage and a workshop can be found throughout the basement in addition to the finished workout studio.
Please note that the basement is currently used as an active artist's studio.
A custom-built shed can be used for additional storage of yard or beach equipment.
The setting of this property offers abundant privacy while still taking full advantage of the spectacular views. Schedule a tour before it's gone!
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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