316 Harbor DRIVE
About This Property
After taking in the views from outside, step onto the European white oak floors into the large updated kitchen with all new stainless steel appliances and transferable island that harbors extra storage beneath. The kitchen opens into the lavish dining area complete with custom Capiz shell chandelier and large designer table that seats up to 8 guests. The connected dining area and kitchen have the added appeal of 180° views of the intracoastal. Open your hurricane impact windows and enjoy the sounds of nature in your Master Suite with vaulted ceilings and white stone travertine floors. The King bedroom features french doors that open directly to your immersive multilayerd backyard. Inevitably, you will then discover yourself drawn into the custom designed en-suite bathroom with a show piece avocado shaped bathtub and separate rain shower with 4 imbedded shower head massagers. The master bath also boasts a natural teak dual vanity and heated floors. The large walk in custom closet leaves nothing to be desired in this incredibly thought out designer home. The spacious living room is outfitted for the inner zen of which the most relaxed of hearts desire. With the sound of the waves outside and the light filled great room you will at once feel at peace as you put your feet up in this richly designed and thoughtful space. The living room also has a custom made Murphy bed discretely hidden in the wall. The second bedroom is fit with a full bed and a custom California closet. The guest bath adjacent to the bedroom has no detail spared which also boasts a teak vanity with floating sink and travertine floors. A rare one of a kind luxury living beach home just seconds from the Gulf of Mexico.
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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 Indian Rocks Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017