1029 Omar Road
About This Property
Beautiful street presence and great mid-century architectural detailing, this home boasts an open floor plan ideal for today's lifestyle that is close to Palm Beach and all the main attractions including art galleries, shopping, fine dining, and fashion boutiques. Don't miss out on this affordable slice of paradise!!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2021 | Sold | ||
| Sold | |||
| Nov 3, 2021 | Listed by The Keyes Company (PBG) | $364,900 | |
| Listed by The Keyes Company (PBG) | |||
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About Belvedere South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017