23 COVE VIEW RD
About This Property
Step inside to the freshly painted bright and airy interior. This contemporary designed home features soaring vaulted ceilings, modern stacked windows, and multiple glass sliding doors allowing natural light to fill the main living space while providing views of the costal natural habitat that surrounds the property.
The open-concept design seamlessly connects the kitchen, dining and living area creating a spacious atmosphere perfect for entertaining. The private home office is generously sized, providing enough room for a desk and other comfortable furnishings. Gas fireplaces adorn the living room, home office, and the primary bedroom adding a touch of warmth and elegance. Enjoy an updated eat-in kitchen complete with sleek stainless steel Samsung appliances, a 5-burner gas stove, sleek granite countertops, a tiled backsplash, ample storage space and a kitchen island for additional seating and casual dining. Step outside onto the large open-air deck with a retractable awning, the perfect spot to grill or relax with guests after a day at the beach. Additionally, a 3-season room off the living area offers an ideal space to unwind while being sheltered from the elements. The upper level is dedicated to the serene primary bedroom, featuring an ensuite bathroom with a dual sink vanity, jetted soaking tub, a deep walk-in closet, and a private balcony. Two additional bedrooms and a full bath complete this level, offering ample space for family or guests. The lower level is complete with a 2-car garage and an unfinished basement, offering versatile space for all your storage needs. Low HOA fees. The High View community has a day dock on the Indian River Bay for fishing, crabbing, launching a paddle board or typing up you boat for the day. The Long Neck area has so much to offer – Season boat slips, restaurants & the Paradise Grill with its beach setting and great entertainment programs.
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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