2448 BLACKBEARD Drive
About This Property
Step outside into your private resort-style oasis. The expansive outdoor area boasts a sparkling pool, a chef-inspired outdoor kitchen and bar, an outdoor shower, and a cozy fire pit.
An entertainer's paradise designed for relaxation and gatherings alike. Adding to the property's versatility is a spacious 1,354 sq. ft. guest house. Complete with 1 bedroom (used as flex space), a loft, living area, kitchen and laundry. This flexible space is ideal for hosting guests, an STR, a private retreat, game room or a functional workspace. Perfect for Multi Generational Living. Located just 3.1 miles to
the Mayo Clinic. 4.2 miles to the beach, and neighboring the tranquil Castaway Island Preserve, this home combines luxury, convenience, and natural beauty. A must-see property that truly elevates modern living!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017