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217 46TH STREET W
About This Property
The open-concept great room welcomes you with vaulted ceilings, recessed lighting, and wood-look plank flooring that flows throughout. At the heart of the home, the crisp white kitchen shines with quartz counters, shaker cabinetry, subway-tile backsplash, stainless appliances, a center island with seating, and a dedicated coffee bar. Five spacious bedrooms and three fully updated bathrooms give everyone room to spread out, while a separate game room adds space to play and entertain.
Step outside to your private backyard resort: a screened, caged in-ground pool with a covered lanai, tiki bar, sun shades, and a paver deck built for Florida living. A fenced yard, tropical landscaping, cornhole, and a turf play area round out the space, with a single-car garage and curved concrete driveway out front.
Major systems are done: newer HVAC (2022), impact windows and sliding glass doors (2025), and a durable metal roof. Public water and sewer, no flood zone, and no HOA. With its layout, amenities, and unbeatable proximity to the beaches and IMG, this home is an ideal short-term rental as well as a forever home. Zoned for Manatee High School. Furnishings available separately.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017