281 OLE Road
About This Property
Offering the perfect blend of coastal living and modern comfort. This 3-bedroom, 2-bath house is situated on a .26-acre, located on the the Canal with quick entry to the Intracoastal waters. Imagine launching your kayak or SUP right from your private floating dock or lowering your boat from the new boat lift/house for a day out on the water. New Bulkhead also! The ideal location for water enthusiasts and nature lovers alike!
Capture breathtaking sunsets from your expansive back deck, recently added to maximize your outdoor enjoyment. Upstairs, discover a renovated Primary Bedroom with a spacious en-suite bathroom with double sinks, large soaker tub, and a separate shower, providing the ultimate pampering experience. T The two main-floor bedrooms are perfect for guests or family members, with a full bathroom conveniently located nearby. Seller will offer a $10K credit to buyer for new flooring on main-floor.
Brand-new roof installed in July 2023, along with a new AC system in 2019, new impact windows, on-demand water heater, and PVC piping. The neighborhood has a voluntary HOA for a payment of $50 a year. Looking for an investment opportunity? This home can be used as a short-term vacation rental, making it an excellent income-generating prospect.
Embrace the coastal lifestyle you've always dreamed of in this exceptional waterfront abode. Act quickly, as homes like this don't stay on the market for long! Schedule your private tour today and experience the magic of living in Treasure Beach.
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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