10269 Islander Drive
About This Property
Features include renovated kitchen with granite counters, glass door cabinets and a dramatic tray ceiling with recessed lighting. The master bedroom is on the main floor with 3 additional bedrooms and a full bathroom upstairs. There are 2 seperate patios, one with the pool/spa, full screen enclosure and a retractable awning. The other patio is in the rear of the home and is covered and screened. It overlooks a beautiful tranquiity garden. The Lakes at Boca Raton is a wonderful community that features a resort size pool, basketball, tennis, soccer,playground and gym. Nearby shopping, dining and parks. Best Boca Schools. House has 2 A/C's. 2014 & 2009. Newer pool pump.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2019 | Sold | ||
| Sold | |||
| Sep 16, 2019 | Listed by Lang Realty/ BR | $429,500 | |
| Listed by Lang Realty/ BR | |||
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About Lakes at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017