203 E Firethorn Circle
About This Property
The spacious primary suite offers a private retreat with upgraded tile selections, a freestanding soaking tub, and an oversized walk-in shower. Each additional bedroom provides comfort and privacy, while custom cabinetry, enhanced laundry storage, Sonos surround sound, and EV charging capability add convenience and functionality throughout the home.
Designed with future outdoor expansion in mind, the backyard is already plumbed for a pool and offers ample space to create a custom outdoor living environment. A covered rear porch, gas line for grilling, and welcoming front porch with gas lantern further enhance the home's outdoor appeal. A GEM golf cart is also included for easy access throughout the community.
Residents of Watersound Origins enjoy access to community amenities including a pool, fitness center, golf course, and miles of walking and biking trails, all just minutes from the dining, shopping, and white-sand beaches of 30A. With no short-term rentals and a strong sense of community, this property presents an exceptional opportunity for those seeking a primary residence or second home centered around quality, comfort, and long-term value.
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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