274 HOLLY DR
About This Property
Nestled on a serene off-waterfront setting, this home offers an exclusive easement with a private dock, granting you coveted waterfront privileges without the additional taxation that typically accompanies such a luxury. Imagine the freedom to explore the water at your leisure, whether it's boating, fishing, or simply taking in the breathtaking views from your own private oasis.
The seamless integration of indoor and outdoor living spaces is a hallmark of Mediterranean-style homes, and this property is no exception. Multiple outdoor spaces offer enchanting vantage points to enjoy the panoramic views of the water and surrounding landscapes, while providing the perfect backdrop for alfresco dining, relaxation, and entertaining.
The bedrooms, kitchen, living and dining rooms grace the first floor, making one-level living an option for those that prefer it. The rec space, bar and office downstairs flow seamlessly into one another and walk out to the indoor pool and grounds. It's simply a one-of-a-kind property that's been dutifully upgraded and maintained over the years and would serve as an awesome homestead for its new owner.
Baltimore ( 60mi), Philadelphia ( 90mi) and Washington DC ( 100mi) are all driving distance. Contact us today to arrange a private tour and discover the extraordinary possibilities that await you in this remarkable property
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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