33152 SUBSTATION ROAD
About This Property
Relax in the primary suite, which boasts a walk-in closet and an updated ensuite bath. Two additional bedrooms, a refreshed hall bathroom, and a dedicated laundry room with a new washer and dryer complete this thoughtfully designed floor plan. The attached two-car garage provides convenience with access to loft storage. Offering total peace of mind, the home also features a new HVAC system (2025) with a one-year service contract and is located within the Indian River School District.
The exterior is built for outdoor enjoyment, featuring a covered front porch, a rear deck with a retractable awning, and a paver patio. All situated directly adjacent to one of the community's pools and tot lot. Beyond your doorstep, enjoy resort-style living with access to three pools (including a splash pad and lap pool), fitness centers, and a clubhouse. Active residents will love the pickleball, and bocce courts, while nature lovers can explore walking paths, fishing ponds, and small lakes. With a beach shuttle and an on-site crab shack, this property offers the perfect blend of modern updates and luxury in a premier seaside destination. Home is equipped with a SimpliSafe home monitoring system.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017