1101 Bimini Lane
About This Property
Walk across the street to our beautiful beaches or enjoy your very own private backyard beach w/heated saltwater pool, hammock, beach sand, coconut trees and desirable Southern exposure....all of the work has been done. Move right in and start enjoying the Florida Lifestyle today....upgrades include all impact windows/doors, freshly painted exterior Jan 2017, quartz countertops, fully renovated guest bath, new flooring, wireless security system, security cameras, new HVAC 2014, new exterior fencing, sewer lines relined 2016, plantation shutters, Travertine pool surround 2015, his/hers walk in closets, new double vanity in master bath, garage storage by Garage Tek with epoxy flooring, tankless water heater & more..
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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 |
|---|---|---|---|
| Jun 9, 2021 | Sold | ||
| Sold | |||
| Apr 13, 2021 | Listed by Illustrated Properties LLC (Singer Island) | $1,299,000 | |
| Listed by Illustrated Properties LLC (Singer Island) | |||
| May 11, 2017 | Sold | ||
| Sold | |||
| Mar 3, 2017 | Listed by Illustrated Properties LLC (Singer Island) | $725,000 | |
| Listed by Illustrated Properties LLC (Singer Island) | |||
| May 30, 2013 | Sold | ||
| Sold | |||
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About Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017