17286 RIVER ISLE Circle
About This Property
DID NOT CLOSE. Waterfront Living. 2599 SF Home 3 or 4BR , 2.5 BA, 2 Car Gar 1.42 Acres, 210 Ft Navigable Waterfront on Nassau River, in a gated community offering a rural feel with room for your Boat or RV. There is a Flex room featuring a second kitchen that can be used as a FR, office or an in-law suite. The half bath can be converted into a 3rd bath making the flex room an excellent In law suite. $244K in upgrades & updates in this home. Wood look tile floors, screened Patio. Floating Dock. Helical Piers under the home, Patio & Screen enclosure, Gutters, Plantation Shutters, Seawall by C&H Marine , Crawl Space encapsulation , Electric Panel Upgrade, Roof 2016, Screen enclosure 2020 Owner has a list of upgrades and updates in the document Tab Assumable $250,000 Mtg. at 2.75%
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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%.
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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