814 SE Riverside Drive
About This Property
COMPLETELY renovated in 2019. Terrazzo and porcelain tile floors, new metal roof, impact windows & doors, new plumbing & electrical, 2 new AC systems, UV air purification system & on-demand tankless hot water heater. The home has quartz counters, crown molding, trey ceilings, large kitchen island, new SS appliances, gas convection oven, new lighting, generator and propane tank. New oversized master suite with double vanities, large walk-in closet with custom shelving. Enjoy views of the heated saltwater pool from fully screened rear patio with tongue & groove ceiling, custom outdoor kitchen and remote-control hurricane shutters. Fenced private backyard w/mature landscaping. Walk to downtown Stuart or take your golf cart! Minutes to beaches. Don't miss out on this one! All measurements are approximate. SEE ATTACHED FEATURES SHEET.
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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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About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017