219 Rockledge Drive
About This Property
Great care has been taken to restore the intricate details of this home from the amazing ceilings to the ''Merritt Island Mahogany'' pine floors. This is southern charm at it's best! The main house consists of separate living and dining areas, a butler's pantry, a large
sunroom, 2 fireplaces, a large kitchen with center island and walk in pantry, and 4 bedrooms with 2 ½ baths.
The separate Carriage House features a 3-car oversized garage and work area, and a quaint, separate 2 bedroom, 1 bath apartment which includes a full kitchen, living and dining area, and 2nd bedroom/storage room - a wonderful home office, guest suite or rental unit.'||chr(10)||''||chr(10)||'Surrounded by mature, lush landscaping, the backyard of this home is amazing! Enjoy your own private tropical paradise as you entertain under the outdoor living area. Gather 'round the firepit and relax in the hot tub; plenty of play area for the family. Enjoy your own private beach on the riverfront, or walk out onto the private dock and watch the dolphins and manatees and various species of birds and enjoy the beautiful sunrises, evening lights and gentle river breezes.'||chr(10)||''||chr(10)||'This is truly a grand home with great character and history, an opportunity not to be missed!'||chr(10)||''||chr(10)||'Extra details:'||chr(10)||'Main House: '||chr(10)||'A/C - 2008'||chr(10)||'Roof - 2019'||chr(10)||''||chr(10)||''||chr(10)||'Carriage House:'||chr(10)||'A/C - 2019'||chr(10)||'Roof - 2019'||chr(10)||'Massey treated for termites (contract) - 2020'||chr(10)||''||chr(10)||'Hurricane Shutters on second floor of main house. Plywood for all other windows. '||chr(10)||''||chr(10)||'Items not conveying: Dining room chandelier, Sunroom chandelier, all stained glass, all bronze animal statues in back and side yards, upright freezer in garage. '||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||''||chr(10)||'
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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