11254 Sea Grass Circle
About This Property
You may never want to leave this beautiful property. All of this interior luxury is 2nd only to the magnificent outdoor living space. The 'courtyard' is actually a large tropical paradise playground. Enjoy privacy from massive palms and tropical landscaping while you swim; relax in the spa; sunbathe on the 36'x36' pool deck; snooze in the hammock or enjoy outdoor dining in the almost hidden garden patio. Fully fenced so your pets can play too. You will love that the entire courtyard is constantly treated for mosquitoes with a fine misting system that is permanently piped throughout the yard to assure endless hours of outdoor pleasure day; evening and night.
Other features include: Triple zoned AC. Central vac system (new 2016). Accordion shutters provide convenient hurricane security. 3 months new washer/dryer and microwave; 2 A/C units 3 years old.
The Shores At Boca Raton amenities are exceptional as well. The beautiful entrance and manned gate provides privacy and security and the recreational facilities include tennis; basketball; kids outdoor playground and a large modern clubhouse with excellent fitness center and indoor kids playroom. The community location is just far enough west to feel secluded yet has easy access to great schools; shopping; parks; highways and airports.
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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.
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About Shores at Boca Raton
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$9,500 /mo
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$7,700 /mo
- 4 Beds
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- 2,785 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017