11354 Sea Grass Circle
About This Property
**The Shores is a guard-gated community w/clubhouse, fitness center, heated pool & spa, steam rooms, basketball court, children's playroom and tot lot. Active tennis program w/leagues & pro's available for lessons. South County Regional Park is across from entrance to the community. Walk to A-RATED Sunrise Park Elementary & Eagles Landing Middle Schools. Special academies at Olympic Heights High School. **
Recent Improvements
1. New Tile Roof 2006
2. Aluminum (screened) Fencing in backyard 2005
3, Accordion Shutters 2005
4. Dishwasher & five burner Electrolux cooktop 2013
5. 80 Gallon hot water heater 2013
Note that the washer/dryer is excluded.
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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 Shores at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017