38412 CARROLL DRIVE
About This Property
Offering over 2300sq. ft. on the first floor, this layout features a home office, 3 bedrooms and an expansive kitchen/living area! This gourmet kitchen includes a double wall oven, gas cooktop, granite counters, soft close cabinetry, pendant lights over the island, and luxury vinyl plank flooring. The living area offers plenty of space to entertain family and friends. The first-floor primary bedroom offers plenty of natural light, luxury vinyl wood flooring, a large walk-in closet, and a spacious primary bathroom with upgraded cabinetry, tiled flooring and a tiled shower. The screen porch off of the dining area opens up to the paver patio to enjoy those Summer/ Fall nights at the beach! Upstairs features a loft area with luxury vinyl plank flooring and an oversized guest bedroom and full bath. The 2-car garage has been painted, has its own HVAC system, and plenty of recessed lighting.
This home is in walking distance to the beach shuttle stop, 1 of the 3 community pools, the dog park and the fitness centers. Home includes custom paint throughout as well as custom blinds/ curtains.
(Weekly rentals allowed in the community)
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017