3175 Cove Road
About This Property
3175 Cove Road is a remarkable home situated on a one-of-a-kind point lot with mile long intracoastal views overlooking Jupiter Island. Only on a rare occasion do we find a unique and stunning home located just seconds from an array of world class restaurants, nightlife, shopping , fishing & golf. 4th bedroom is currently a gym but could be converted. 5th bedroom is ensuite over garage w/access thru garage. Sweeping panoramic views of the intracoastal and Jupiter Island, afforded by an endless number of vantage points throughout the Home, are nothing short of breathtaking.
All furnishings, 2005 Cranchi boat and (2) 2007 Sea Doo jet skis are offered separately.
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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.
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 Waterway Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017