739 Scenic Gulf Drive
About This Property
The master bedroom also faces the water and patio. The master bath offers a garden tub, separate tile shower, two sinks.. ...and two closets. Two other bedrooms downstairs plus a library/study, which is currently used as an additional bedroom, and two bedrooms upstairs offer abundant room for family, friends, or rental guests. In addition, the property includes a charming 1-bedroom, 2-bath guest house with its own separate entrance. With full kitchen, dining area, living space, and a delightful small pool/fountain, the guest cottage is its own special world!
Many unique touches enhance the appeal of this unique home by the sea. But the best is outside: swim in the unique pool, lounge on the patio made of attractive pavers, play on the lush green lawn while palms wave in the breeze, or take the private walkover--with deck/seating area and storage compartment--to the beach. A carport plus additional parking spots outside the electric gate provide parking options. Includes steel hurricane shutters, standing seam roof, water softener, and more. The seawall/bulkhead was constructed using poured, reinforced concrete, resulting in a fortress. Excellent potential rental income! All specifications and features must be verified by Buyer.
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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