5702 RIDDLE ROAD
About This Property
Designed for both comfort and style, the home features luxury vinyl plank flooring, a cozy woodburning fireplace, and a bright, open kitchen with stone countertops. Both bathrooms have been tastefully updated, creating a move-in-ready retreat that feels both modern and welcoming.
Step outside and you'll find everything you need to enjoy life on the water - a brand-new composite boat dock with a 10,000-lb lift that can accommodate up to a 23-foot boat, plus a sparkling pool with a solar heater for year-round enjoyment. The sprinkler system runs on a well for added efficiency, and hurricane panels are included for peace of mind. Best of all, the home experienced no flooding during Hurricanes Helene or Milton.
With no HOA and a successful history as an Airbnb, this property offers exceptional flexibility whether you're searching for a full-time residence, vacation getaway, or income-producing investment.
This is more than a home - it's a front-row seat to the waterfront life you've been waiting for.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017