316 RIVIERA Drive
About This Property
An oversized covered deck attached to the boathouse creates the ultimate waterfront entertaining space--perfect for family gatherings, cookouts, watching the big game, or simply unwinding while enjoying the breathtaking lake views.
Spend your days boating, fishing, jet skiing, kayaking, canoeing, paddleboarding, or simply cruising the waterways while taking in the incredible wildlife. Bald eagles, manatees, otters, egrets, and countless other native birds are frequent visitors, creating the Old Florida waterfront lifestyle you've been dreaming of.
This waterfront retreat is tucked behind a private gated entrance and offers a fully fenced yard for added privacy. Three detached storage buildings provide ample storage, with one perfectly suited as a workshop.
From the moment you pass through the gate, you'll discover your own private paradise. Whether you're looking for a weekend getaway, full-time residence, or an income-producing vacation rental, this hidden gem offers everything you need to enjoy life on the water. a private gated entrance and offers a fully fenced yard for added privacy. Three detached storage buildings provide ample storage, with one perfectly suited as a workshop.
From the moment you pass through the gate, you'll discover your own private paradise. Whether you're looking for a weekend getaway, full-time residence, or an income-producing vacation rental, this hidden gem offers everything you need to enjoy life on the water.
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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