233 Artesian Way
About This Property
The open and airy main level offers an abundance of windows and natural light and living room with hardwood floors and surround sound speakers. The kitchen features hardwood floors, quartz counter tops, upgraded cabinets, stainless steel appliances, upgraded lighting and a dry bar with space to add a wine/beverage cooler. The screened porch with ipe wood decking over looks the green space and has access to the walking trail. The main level master bedroom has hardwood floors, extra windows for natural light and a walk in closet. The well appointed master bathroom has travertine marble floors and shower, quartz counters, custom mirrors and more.
The upstairs offers hardwood floors and a 12 x 18 loft area that can be used as second living area, office, reading nook or a play room. The 2 additional bedrooms also have hardwood floors walk in closets and a jack and jill bathroom. In additional there is a 16 x 4 storage closet with hardwood floors.
Bonus room is located above the garage with its own A/C unit and is the perfect space for an office, game room, hobby room and more.
Watersound Origins homeowners are able to access the fitness center and seasonally heated community pool, as well as dock access at neighboring Lake Powell. Enjoy breakfast or lunch at the Watersound Cafe, located at the Village Commons. Watersound Origins also connects to the Panama City Beach Conservation Park via a 5 mile long trail. Watersound Origins offers plenty of options for the nature and beach lovers alike! Spend your days kayaking, paddle boarding, biking, running or walking along the Watersound trail. Located a short distance from Scenic Highway 30A there are endless dining, event and local shopping options and attractions.
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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