733 Key Royale DRIVE
About This Property
Only two families have owned this home, and the meticulous care is evident in the details. Hickory wood floors on the main floor, granite countertops in the open kitchen, and high impact sliding doors and windows throughout the house create a spectacular, quiet and safe interior. There are four bedrooms, 3 ½ baths and a large two car garage. The huge master bedroom on the second floor has two full length picture windows overlooking the water and a private outside balcony for early morning coffee, afternoon yoga or late night stargazing. Located in the North Point Harbor neighborhood of Key Royale on a cul-de-sac, this property includes free access to North Point's community swimming pool and tennis/pickleball court. The first tee at Key Royale Club, the only golf course on the island, is a seven minute walk from the front door. The Key Royale Club also offers a fine restaurant and many social activities. If you have been searching for an exceptional water-front property on Anna Maria Island, call today for your private showing.
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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