47 Sextant Lane
About This Property
wonderful open floor plan with a spacious kitchen boasting a large granite topped island and breakfast bar adjoining the dining area that flows into the great room. French doors open from the great room to a huge screened porch with both dining and living areas. There is also a private master suite on the main level that features a glamorous bath with 2 vanities, garden tub, large shower, and walk-in closet. A powder room and laundry complete the first floor. Upstairs, there is another spacious living area with built-in bunks, another master suite, and two additional guest rooms, each with ensuite baths. In addition to the lovely and spacious main house, there is also a private carriage house over the 2 car garage with it's own entrance. The carriage has a combination living/dining room with full kitchen and also a separate bedroom/bath. There is also an "extra" laundry room in the garage that is perfect for your carriage house guests! This home is located on a large corner lot in a quiet section of the neighborhood with plenty of parking. Watersound West Beach features a community pool/clubhouse, puttering park, boardwalks for walking/biking, boardwalk to the beach, and fitness center at Watersound Beach. Enjoy the beach life!!!
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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