360 Jack Knife Drive
About This Property
Built in 2015, the home has been significantly enhanced, including a renovated primary bathroom; swapped out the alcove tub (plumbing still available) for a window seat with added storage; Santorini blue marble tile adds a luxe accent throughout the space; fold down teak wall bench in the shower for space-saving convenience; new vanity wall cabinet provides perfect access to all grooming needs with his/her separation. Palecek designer lighting & California closet system complete the luxurious renovation. The bright beachy vibe is amplified by shiplap walls, distressed hardwood floors, and abundant natural light.The gourmet kitchen is equipped with quartz countertops and top-of-the-line Thermador appliances (installed2023) along with pull-out drawers in lower cabinets, a pantry, and a stylish dry bar with beverage fridge. The open-concept design flows seamlessly from kitchen to dining to living areas with custom lighting & Visual Comfort ceiling fans throughout.
Outdoors, the lushly landscaped backyard offers serenity and potentialwith ample space for a pool. Enjoy cozy evenings on the screened porch featuring a fireplace and TV.
Additional highlights:
* Located on a low-traffic street with adjacent park
* Garage system by Garage Experts with epoxy flooring, overhead storage, cabinetry, and slat walls
* Whole-house upgrades including water filtration, surge protection, Flow Tech system, and Kohler continuous clean toilets
* Wired for surround sound in the living room and TVs in all bedrooms
This home is a rare combination of privacy, upgrades, and locationperfect for full-time residents or second-home buyers seeking refined comfort in Watersound Origins.
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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