3611 Bayou CIRCLE
About This Property
The home overlooks beautiful vistas, including a sanctuary dedicated to wildlife and preservation. A private dwelling provides a true private sanctuary for you and your extended family. The generous lot abuts an easement maintained by the HOA and blends in with the property to provide additional privacy and shade. The home was built in 2000 and is managed and maintained to perfection. The house has a 6-car garage with two of the six parking areas converted into an air-conditioned home gym - a private elevator from the garage for ease of access and efficiency. Your private beach is five minutes from your door, and access to one of Florida's most exclusive golf and country club is outside your gates.
The entire structure is masonry and concrete. Updated by landscape designer Robert Davie in 2022, the landscaping and exterior grooming is completely revamped with fresh flora and trees to provide a clean and current aesthetic
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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 Bay Isles
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$3,500 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017