4731 Ruelle
About This Property
The main living area includes a large living room with built in cabinetry and an electric fireplace. French doors lead from the living room to a screened porch overlooking the heated pool and integrated spa, creating a wonderful space for outdoor enjoyment. The adjoining dining area and generous eat in kitchen feature a center island, electric cooktop, and wall oven, perfect for everyday living and entertaining.
The primary suite is tucked privately to one side of the home and includes a balcony, a spacious walk in closet, and a well appointed bath with double sinks, a separate shower, and a soaking tub. On the opposite side of the home, two additional bedrooms and a full bath offer comfortable guest accommodations. One of these rooms is currently used as an office and opens through French doors to the pool area, providing a seamless indoor outdoor connection.
Additional features include a laundry room and a three car garage with ample storage. Residents of Chateaux Sur Mer enjoy deeded beach access and a peaceful island setting just moments from the Gulf of Mexico, making this property a perfect opportunity to experience Sanibel's relaxed coastal lifestyle.
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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