225 Seaspray Avenue
About This Property
The sun filled home has newly painted high gloss white floors and beautiful open living spaces. Two French doors in the living room open to the front porch, wi with a lush private garden beyond, providing the perfect setting for indoor/outdoor living and entertaining. The kitchen offers stainless steel appliances, a gas range, a breakfast area, and workspace.
The main floor master bedroom has a brand new white marble master bath with a double sink vanity, polished nickel fixtures, a glass enclosed shower, a soaking tub, and a walk-in closet. Upstairs are two oversized bedrooms surround by windows, each with their own newly renovated en-suite baths and closets.
Behind the main house is a cottage with a 2 room guest suite, full bath, a separate laundry room, and garage. The spotless two-car garage is perfect for parking a large SUV or vintage auto in an air-conditioned climate-controlled environment. This multi use space is perfect for a home office or home school space, recreation room, gym/workout space, covered outdoor entertaining area, or extra storage space. The generous setbacks and front to rear 100 foot long driveway can accommodate multiple vehicles with room for expansion if so desired.
This premier location gives you deeded beach access to the east, the lake trail to the west, walking distance to restaurants, and is in close proximity to the shops of Worth Avenue, The Royal, The Breakers, Four Arts, Town tennis courts, and Fitness Center. This fantastic Seaspray home has it all.
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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 Poinciana Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017