40 Grand Bay Circle
About This Property
Enjoy your own private tropical oasis in this beautifully landscaped backyard, accented with exquisite lighting around the entire home. Covered patio views the heated, salt water pool with peaceful waterfall, and brick paver deck, all privately surrounded by large Ficus. Impact windows and doors, newer AC, brick paved driveway with side entry two car garage and recently epoxy floor. Pool robot, central vac and large under staircase storage area. Community offers 24 hour manned gated security, neighborhood WI-FI, two tennis courts, two public pools, marina, club house with gym and pool table. Marina is located directly on the beautiful intracoastal waterway. Docks can be purchased or leased directly through community homeowners when available. Oak Harbour is centrally located to shopping, beaches, entertainment and both fine and casual dining.
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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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About Oak Harbour
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$6,500 /mo
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017