218 Jack Knife Drive
About This Property
Freshly updated with new hardwood flooring (2024), fresh paint, and exterior power washing, this home is move-in ready. The gourmet kitchen has been refreshed with new countertops and backsplash, stainless steel appliances (including a Fisher Paykel dual drawer dishwasher), a pantry, and a dry bar with abundant cabinetry and dual freezer drawers. The open-concept layout allows for seamless entertaining with family and friends.
Offering 3 bedrooms and 3 full baths, the popular Bayberry plan blends flexibility with comfort. The middle bedroom is a collector's dream with floor-to-ceiling built-in bookcases, perfect for showcasing treasures or repurposing as an office/den. The oversized primary suite offers room for a bed, nightstands, dresser, and sitting area, while the primary closet includes custom wood built-ins for storage and organization.
Additional features include a Generac Generator, separate laundry room, epoxy garage floors, automatic irrigation system and wiring for surround sound.
Priced to sell quickly, this home combines one of the best lots in the neighborhood with thoughtful updates, mature landscaping, and desirable upgradesmaking it a rare find along 30A.
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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