31 Rivo Alto Canal
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 5, 2020 | In contract | - | |
| In contract | |||
| Aug 4, 2020 | Listed | $2,549,000 | |
| Listed | |||
| | |||
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Welcome to the sunny side of Rivo Alto Canal! This corner lot location on a cul-de-sac street makes this one of the most desirable spots available on the canal of Naples Island. Beautiful 3 bed, 3 bath, approx 1900 sq.ft. home is situated on a spacious 2621 sq.ft. lot. Expansive front brick patio has been meticulously maintained and offers built in BBQ, lush palm trees, direct canal views and is ideal for entertaining or just relaxing with friends and family. Front sliders open into the great room boasting gleaming hard wood floors, fireplace, custom electric window coverings, crown molding, recessed lighting and an open concept living area. Chef's style kitchen featuring newer subzero refrigerator, 6 burner Wolf Stove, high end stainless dishwasher, granite countertops, tiled backsplash, island seating and plenty of room for storage. Two bedrooms that share a nicely appointed full bath and an additional office/den with full bath and laundry completes the downstairs. The office/den can be converted into a 4th bedroom and has the potential to be closed off with a separate mother-in-law style entrance. Upstairs large master retreat with walk in closet and ensuite featuring dual vanities, shower in tub, granite counter tops and custom cabinetry. French doors open up to a spectacular master bedroom balcony overlooking the canal. Showcasing a private well maintained 30 ft boat dock ideal for Duffy or small boat parking. Walking distance to schools, parks, restaurants and shops. The manager has listed the unit size as 1900 square feet.
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| Jul 23, 2019 | Sold | ||
| Sold | |||
| Jun 4, 2019 | Listed by Barnett Renderos | $2,300,000 | |
| Listed by Barnett Renderos | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017