11150 Sea Grass Circle
About This Property
The kitchen offers granite counter tops, lots of counter space and a breakfast bar, plenty of cabinets for storge. crown molding throughout the home. Ceramic tile flooring downstairs and elegant laminate flooring upstairs including the stairs.
This home has been used as a vacation home and professionally managed; therefore, very well kept.
This spacious floor plan features an oversized master suite, custom closets and a spacious bathroom with dual sinks, separate tub/jacuzzi & shower.
Roof replaced 2020 and the entire home is protected with accordion hurricane shutters. 3 spacious guest bedrooms make this home large enough to accommodate any size family.
The Shores at Boca Raton is a guard-gated community w/clubhouse, state-of-the-art fitness center, heated pool & spa, basketball court, children's playroom. The tennis courts and basketball courts are being resurfaced and will be completed by end of February 2022.
The 860-acre Burt Aaronson South County Regional Park is across from entrance to the community and has amphitheater, nature center, water park, lighted athletic fields, boat launch, dog parks and countless trails to walk and bike. Shores golfers enjoy the nearby Osprey Point 27 Hole Golf Course. The Shores HOA is fiscally prudent with reserves and an excellent balance sheet. At closing, Buyers make a one-time Capital Contribution to the HOA reserves equal to one-quarter's maintenance.
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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.
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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 Shores at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017