10610 Wheelhouse Circle
About This Property
Home is located in the development of Mission Bay which is a highly sought after community in West Boca Raton surrounded in lush tropical landscaping including palm trees and green exotic foliage. Residents have access to the Mission Club offering world class resort style amenities that include a breathtaking resort style pool on a lake, spacious hot tub, sauna, steam room, state of the art fitness center with aerobic room offering a variety of free classes. Mission Bay also offers numerous tennis programs and basketball and racquetball courts.
Also located on the grounds are world renowned Evert Tennis Academy, United States Tennis Association (USTA) training center. Famous for ita€™s A rated school system; West Boca Raton has everything to offer. Countless shops and restaurants ( walking distance), best hospitals, first class shopping, numerous golf courses, white sandy beaches and parks galore. The 856-acre South County Regional Park is just minutes away and offers baseball fields, football/soccer fields, tennis courts, racquetball courts, basketball courts, sand and paved volleyball courts, childrena€™s play areas, bike paths, nature center and trails, picnic pavilions and The Coconut Cove Water Park.
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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.
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About Mission Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017