606 EMERALD LANE
About This Property
Enjoy peace of mind knowing this remarkable home experienced NO FLOODING during recent storms and is equipped with complete impact windows and sliding doors. Step inside the spacious and open floor plan boasting over 2300 square feet of living space, perfect for entertaining. Offered turnkey furnished, this home is ready for you to move in and start living the island dream immediately.
The outdoor space is a true retreat, featuring a sparkling heated pool and a beautifully landscaped yard enclosed by a private vinyl fence. An irrigation system ensures the lush surroundings remain vibrant year-round. Additional features include a convenient 2-car garage with storage & impact door, a circular driveway providing ample parking, a durable metal roof (2014), all new plumbing (2012), 2 bonus rooms to make an office, music room, extra bedroom, or anything you desire and tons of water views! This is more than just a home; it's a lifestyle. Don't miss your chance to own this exceptional canal-front property in the highly desirable Key Royale neighborhood. Schedule your showing today!
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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