WELCOME HOME to this move-in ready 4-bedroom, 3 Bath home on nearly
1/2 acre in the desirable North River Shores community! This
beautifully updated home features a private-entry suite ideal for
mother-in-law suite. Major upgrades include a new roof,
gutters, soffits, whole-house generator with propane tank and
transfer switch, new electrical panel, new water heater, impact
windows and sliding glass doors, new flooring throughout,
fresh interior and exterior paint, and three renovated bathrooms
with accessibility. Previously approved for assisted
living home, this home offers excellent flexibility for
multigenerational living. Additional improvements include a
fire alarm and sprinkler system, 10-year smoke and carbon monoxide
detectors. Enjoy all that North River Shores has to
offer, including optional POA membership with parks, playgrounds,
fishing pier, sidewalks, and boat ramp access for just
$185/year(2026) plus a $20 boat ramp key. Conveniently
located near Treasure Coast Mall, downtown Stuart, downtown Jensen
Beach, beaches, restaurants, shopping, and top-rated Martin County
Schools, A rare opportunity to own a turnkey home with extensive
upgrades already completed!
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.
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