Waterfront Living, Fully Reimagined - and Priced to Move. This
isn't your average three-bedroom - it's one of the largest units in
the community, completely transformed from top to bottom, with a
private dock and canal views that make every morning feel like a
weekend. Everything has been done for you. New roof. Impact
windows. Freshly painted inside and out. The kitchen was rebuilt
with granite countertops, a center island, and all-new stainless
appliances. The bathrooms are fully renovated. The flooring is new
throughout. This is true turnkey - no projects, no surprises.
Outside your door, the lifestyle matches. Two pools,
pickleball, tennis, and racquetball courts - all covered by a
remarkably low HOA of just $337/month, which also includes Xfinity
cable and internet plus lawn maintenance. In South Florida, that's
a deal. For investors or flexibility-minded buyers, this one checks
every box: no waiting period to rent and minimal pet restrictions,
making it as practical as it is livable. A waterfront unit this
size, this updated, at this price point doesn't last. Come see it.
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.
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