251 River Drive
About This Property
110 feet on the Loxahatchee River with the widest water views and 100 ft long dock. This home is large and spacious and all rooms are over sized. 6 bedrooms, 6 1/2 baths PLUS a live in suite for help/nanny/family in a separate wing. Open floor plan woth gorgeous kitchen and family room opening up to one of the nicest pool/spa area sitting on high elevation overlooking the river for absolutely stunning sunsets. Impact doors and windows, hardwood floors, large man cave/library, master bedroom off the charts overlooking river with balcony, elevator, sauna, whole house generator, putting green , one of the great banyan trees in the area. No fixed bridges for quick access to the ocean. Must See!!
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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%.
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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