5000 Ensign LOOP
About This Property
It also has the possibility of being enclosed for an additional bedroom. Heading to the kitchen you'll notice no lack of upgrades with updated tile throughout the kitchen and laundry room, quartz countertops, stainless steel appliances, counter to ceiling cabinets, double conventional range, stove top with stainless steel exhaust, and a skylight in the laundry room to bring in even more natural light. There is an additional enclosed sunroom off the kitchen allowing for more space for a dining area or breakfast nook, surrounded by water views. It also has access to a spare bedroom through French doors. The second two bedrooms share a bathroom with updated quartz countertops and updated tile and a large soaking tub. Once you walk outside, you will forget all of the beauty that was inside from the breathtaking views. With a completely upgraded 10,000 lb boat lift, dock, seawall, and recently painted cool decking patio most of your time will probably be spent out here. Since this is a west-facing property, the sunsets that are captured each night are spectacular! This property is perfectly situated near the Gulf Harbor {private} Beach Club and the Gulf Harbor Yacht Club. Both electives, with an extra fee. Don't let this chance of living your best life pass you by!
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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%.
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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 Flor-a-mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017