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277 Hugh Thomas Drive
About This Property
The home boasts a classic Spanish tile roof, low e double hung new windows, tinted windows in the Sunroom and Sitting Room for added security and efficiency, and gleaming hardwood floors. The vaulted living room with wood beams frames picturesque waterfront views, creating a warm and inviting atmosphere. The kitchen features granite countertops, a breakfast nook, and a convenient built-in desk. Adjacent, the dining room is perfect for entertaining. Wake up to the tranquil sight of the waterfront and unwind in your spa-like retreat, Master Bedroom. It features an en-suite bathroom with soaking tub, a double vanity and a beautiful tiled shower. Step into the enclosed sunroom, where panoramic water views offer a serene space to relax year-round. Outside, enjoy a fully fenced yard with pear and plum trees, 5 hose bibs, and artisan well and new shut-offs. The waterfront includes a 48-foot dock, re-decked in 2020, and a boat lift with water and power.
Additional highlights include:
• A hurricane-rated, fully insulated 24' x 14' outbuilding with power and a garage door
• Wildlife sightings including dolphins, manatees, wood ducks, otters, pelicans, eagles, osprey, doves. Fish galore- redfish, bass, speckled trout, mullets and blue crabs.
• Amazing sunsets over the water
Don't miss your chance to own this one-of-a-kind retreat with breathtaking views and exceptional features. Schedule your private tour today!
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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