47 Hammock Lane
About This Property
Step inside to find wide-plank reclaimed hardwood floors, soaring vaulted ceilings, and an open-concept layout designed for gathering. The chef's kitchen features premium stainless steel appliances and overlooks the living space anchored by a gas fireplace. Each bedroom is generously sized with ensuite baths, offering comfort and privacy for family and guests alike.
A sun-drenched Florida room-surrounded by windows and finished with slate floors-adds flexible living space that can serve as a guest suite, office, or additional lounge. Outdoor spaces provide privacy and room to relax, and the location offers convenient access to nearby dining, shopping, and beach access points along 30A.
The Hammocks offers two neighborhood pools and a peaceful boardwalk leading to Western Lakeideal for launching a paddleboard or kayak. Whether you're looking for a primary residence, a second home, or a standout rental opportunity, this home is a rare chance to own in one of 30A's most desirable pockets.
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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