3816 ISLAMORADA DRIVE
About This Property
Step outside and discover your own private oasis. A built-in heated pool invites year-round enjoyment, while the neighborhood's exclusive beach access-with seating areas designed for sunrise and sunset views-adds a touch of magic to everyday living. The home's exterior is just as impressive, featuring a durable 2018 tile roof, impact-rated hurricane windows and shutters installed in 2023, and a newer AC system for peace of mind and energy efficiency. And for added security and comfort, the property includes a newer full-home generator, ensuring uninterrupted power no matter the weather.
Whether you're seeking a full-time residence or a weekend escape, this home delivers the ultimate beachside lifestyle in one of the area's most desirable communities.
All information is deemed to be accurate but cannot be guaranteed.
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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