479 Walton Way
About This Property
Inside, the home boasts 12-foot ceilings, creating an open and inviting atmosphere. The superior finish level is evident throughout, with Sub-Zero and Thermador appliances, including double ovens, adding a touch of luxury to the culinary space. The attached garage includes a well-appointed office space, while the 3-car detached garage provides ample storage. The detached garage also offers 900 square feet prepped for a potential carriage house, providing endless possibilities.
Outside, an 18x40 heated and cooled pool awaits, perfect for unwinding or entertaining. Tucked away on the quiet and tranquil street of Walton Way, this residence offers a peaceful escape from the buzz of a vacation town. With its timeless allure, versatile spaces, and high-end finishes, this home presents a unique opportunity to embrace the coastal lifestyle at its best.
Notable features: Whole house generator, spray foam insulation in attic, high impact windows and doors. Detached garage has 900 square feet above that is roughed in with electrical and plumbing for a future build out if buyer desires.
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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