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192 White Sandy Drive
About This Property
Welcome to this well maintained 2 bedroom 2.5 bath beach home offering a great combination of privacy, location, and value. Situated on the canal, you can enjoy peaceful water views and natural surroundings while relaxing or grilling in the evenings. There is also a pool located directly across the street for added convenience.
Located just a short 5 minute walk to the beach, this home puts you close to the sand while still offering a quiet setting. Inside, the property features updates including granite countertops in the kitchen and half bath, LVP flooring, and a comfortable layout ready for personal use or rental. Additional highlights include short term rentals allowed with strong GRI potential, VA and FHA approval, low HOA, and 2 assigned parking spaces directly in front of the unit.
The community amenities are extensive and included in the HOA of 1121.84 per quarter. These include 11 pools with 5 heated, a private beach house with beachfront pool and snack bar, tennis, pickleball and shuffleboard courts, fitness center, mini golf, playgrounds, conference center, as well as internet, lawn care, trash, pest control, and termite bond.
Whether you are looking for a primary residence, vacation home, or investment property, this waterfront unit offers strong value in a desirable beachside community.
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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