3 Monaco
About This Property
This ocean view residence is located within the private community of Ritz Pointe and features extensive upgrades throughout. The three bedroom, three bathroom home is perfectly positioned on a short cul de sac street which provides a superior back drop of the ocean view! Inside you will discover newly installed luxury flooring combined with updated kitchen and bathrooms. The interior has been recently painted adding a fresh elegance for the viewer. The primary suite offers absolute privacy plus a walk out ocean view balcony. The secondary bedrooms are located at the opposite side of the residence. Stepping outside, a deeply rooted entertainment area featuring a large swimming pool, and separate spa provides the opportunity to transcend into an ocean close resort lifestyle. Likewise, superior maintenance should be noted as the entire home was re-pipped with PEX and a complete termite fumigation has been completed. In addition, the manicured landscaped common areas of the community are unequalled! Most importantly is the unique access to a pedestrian pathway to Salt Creek beach, the Waldorf Astoria resort or the Monarch Beach Links golf course. All of this combined with a stunning residence provides an absolute opportunity for a new homeowner.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017