5911 Riverside DRIVE
About This Property
Expect to fall in love! This custom built riverfront gem was designed to showcase Intracoastal Waterway & island views right out your back door! Solid concrete construction, hurricane impact windows/shutters, metal roof for your peace of mind! Captivating views to soothe your soul! Delightful details for an enjoyable lifestyle: Upstairs offers an open floorplan, oak hardwood floors, built in bookcase, gas fireplace, plantation shutters, spacious kitchen with high grade granite, gas stove, pullouts. Walk in pantry/laundry room with dumb waiter! Master suite offers huge walk in closet, tray ceilings. Guest bedroom & full bath upstairs, too. Downstairs (possible in-law suite?!) has guest bedroom, bath, office/family room. Two amazing porches, dock with 7000 lb boat lift & 2000 lb davits. Electrical panel can accommodate whole house generator. Welcome home! ;Water: City
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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