237 Splash Drive
About This Property
Outdoor living is a true highlight, featuring a stunning wraparound screened porch that overlooks the beautifully landscaped yard, complete with a charming gazebo centered around a gorgeous outdoor fireplace and a peaceful trickling fountain. The expansive outdoor space creates a private retreat rarely found within the neighborhood. Space to add a large pool in multiple different locations on the expansive lot.
Inside, the home offers 3 bedrooms, 3 full baths, and 1 half bath, with high-quality craftsmanship throughout. Custom-built closets and cabinetry provide exceptional storage, while the well-designed layout blends comfort and functionality.
With its oversized lot, preserve backdrop, and beautifully curated outdoor spaces, this home presents a unique opportunity to enjoy the lifestyle and natural beauty that make Watersound Origins so desirable.
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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