20 Grand Bay Circle
About This Property
With a fourth bedroom that includes a living area, this home offers flexibility for guests or as a home office. The interior has been freshly painted and features crown molding with LED lighting, adding elegance to the space. The primary suite is conveniently located on the main floor and includes new countertops and closet organizers, making storage and organization effortless. Custom closet doors add a touch of sophistication. The additional bedrooms are spacious and offer ample space for relaxation.
Situated in a man-guarded gated community, this property offers an array of amenities. A marina, clubhouse, two pools, a spa, tennis courts, and Pickleball are available for residents to enjoy. The package includes lawn maintenance, landscaping, cable, and access to the community amenities, making it a convenient and enjoyable living experience. The home is private, providing a sense of tranquility. This home is truly move-in ready and offers a luxurious and comfortable living experience for its new owners. Boat slips are available to rent and may also be available for sale.
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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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About Oak Harbour
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017