181 OCEAN'S EDGE Drive
About This Property
You'll love the all-new LVP flooring throughout-no carpet here! The beautifully renovated kitchen features ceiling-height cabinets, quartz countertops, and top-of-the-line KitchenAid stainless appliances. The family room is enhanced by a new electric fireplace and custom built-ins, creating a cozy atmosphere.
Every bathroom has been completely remodeled with custom tile, new vanities, and modern fixtures. Enjoy the elegance of custom plantation shutters throughout the home. The spacious primary suite is filled with natural light and offers direct access to a private porch and the pool.
Freshly painted inside and out, the home also features new exterior doors and hurricane-rated sliders. A brand new hot water heater and water softener with reverse osmosis add to the convenience. The stunning pool overlooking the private Guana Preserve has been completely renovated with new quartz interior, new tile and LED pool lights with multi colors. New pool deck with Kooldeck. Just converted to salt water pool. Pool has waterfalls with spill over falls. The pool heater heats both the spa and the pool Newly installed whole house gutters with leaf guards which are connected to underground French drains which lead excess water to the Guana.
Don't miss out on this exquisite home in a prime location!
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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