Coastal charm meets beautifully updated living in Key West Village,
a tucked away Tequesta community with an observation deck and
kayak/paddleboard launch area. This 3 bedroom, 2.5 bath home offers
over 2,100 square feet of living space, European oak floors, and a
custom kitchen featuring natural quartzite countertops and a
herringbone floor. The spacious primary suite includes a space for
an office and a beautifully remodeled bathroom with designer
finishes and a Maidstone Chaucer solid surface bathtub. Two guest
bedrooms and an updated guest bath complete the interior. Outside,
enjoy a resort style pool/spa, an entertaining deck, and a screened
patio. Upgrades: Impact glass, new roof, new kitchen, and new upper
level AC! Close to shops and local restaurants!
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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