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2802 Waters Edge Circle
About This Property
The oversized master bedroom has ample room for a California king bed and a seating area. Two walk-in closets lead you to the expansive ensuite bath with upgraded dual sinks, luxurious soaking tub with designer faucets, large linen closet and a separate water closet including a new toilet. The split floor plan includes a spacious 2nd bedroom that easily fits a queen bed and has a full-size closet. The second bath conveniently located near the 2nd bedroom has been updated with all new lights, mirror, toilet, designer faucets, sink and vanity. The 3rd bedroom is being utilized as an office, but perfect for a bedroom with a full-sized closet that is currently modified with removable shelves and a false back and can be easily converted back.
Enjoy many days on the screened tile patio overlooking the private backyard large enough for a pool. This home is beautifully landscaped from the front to the back. The secluded backyard includes three raised beds for gardening and bonus herb garden. The irrigation pump is newer and is on a digital programmable timer. Water draws from the pond, so water bills are extremely low. In addition to all the upgraded features, this home also includes Hurricane shutters on all windows, nest thermostat, 2 large storage cabinets and shelving in garage, and a Lifestyle screen on the garage which is perfect for those that want to utilize this large garage in other ways.
With a maintenance fee of just $373/mo including internet, cable, lawn service, shrub maintenance, weed and feed, roof cleaning, gutter cleaning, tree trimming, and 24-hour Security. River Bridge is a Gated community that includes amenities of a clubhouse, 2 Pools, workout room, tennis and pickleball courts, billiard room, etc. Conveniently located less than 10 miles from the beach, this home provides easy access to shops, restaurants, major highways, hospitals, and Palm Beach International Airport.
Look no further this community and all upgraded home is ready for you to move in!
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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 River Bridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017