513 71ST STREET
About This Property
The split floor plan ensures privacy for guests and family. The oversized primary suite offers a custom walk-in closet and a generous ensuite featuring a heated jacuzzi tub, split vanities, and a tiled walk-in shower. An office with an adjoining storage room provides flexibility and could easily be converted into another ensuite. Beyond that is a versatile man cave/flex room with double-door access to the outside. A well-appointed laundry room with a built-in ironing board completes this wing.
On the opposite side of the home, a guest ensuite with convenient pool access provides ideal accommodations, in addition to two more bedrooms and a full bath with a tub/shower combination.
Outside, the pool and spa will be fully resurfaced at the beginning of December, along with the installation of a new pool heater, giving the outdoor oasis a fresh and updated feel. The home also features two new A/C units for added efficiency and comfort. Boating enthusiasts will appreciate the private dock with a 13,000 lb. lift, a 10 X 3 floating dock and fish cleaning station, complete with water and electricity-perfect for enjoying the canal-front lifestyle. There is nothing like having your boat at your back door!
This home is ready for your personal touches and can be sold furnished for a turnkey experience.
Come take a look at this waterfront gem and imagine all the additional possibilities!
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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 Holmes Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017