45
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27 Aqua Ra Drive
About This Property
This home has a great layout with natural light throughout great use of space. The open living area is an inviting place to take in the calming views of the lagoon through expansive glass doors. In addition to the large primary bedroom and second bedroom, there is an office that is currently used as a third bedroom with bunk beds that is large enough to accommodate many arrangements and uses.
Step out onto the deck, where a private oasis awaits. The lagoon is just steps away, offering a secluded sanctuary to enjoy various water activities, from boating and fishing to paddle boarding, or simply embracing the tranquility of the shimmering waters.
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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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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017