718 SW Riverwatch Place
About This Property
The gourmet kitchen is both timeless and functional, with Cambria quartz countertops, double wall ovens, cooktop, and sleek cabinetry. The owner's suite offers a coffered ceiling, a luxurious soaking tub, large oversized shower, and an expansive walk-in closet.
Step outside to enjoy the screen-enclosed covered lanai, perfect for relaxing or entertaining year-round in complete privacy with plenty of room for future pool and spa.
Within the gated community of Banyan Bay, residents benefit from included front and back lawn care, irrigation, and quarterly pest control. The neighborhood features direct access to the St. Lucie River with a private dock, kayak/paddleboard launch, rinse station, and gazebo. Additional amenities include a clubhouse with gym, heated pool, activity room, and catering kitchen.
Ideally located near I-95, the Turnpike, beaches, shopping, and dining this home offers a rare blend of luxury, lifestyle, and location
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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