1218 Monroe Boulevard
About This Property
This updated house, is completely fenced, with extensive patio around and fruit trees. Impact windows, sliding doors and entrance door. Remodeled kitchen with wood cabinets, granite countertop and back splash, new stainless steel appliances. Both full bathrooms have been remodeled with wall tiles up to the ceiling and beautiful glass decorative shower walls. Ceramic tile floors all through out. Camera security system. The exterior offers space for boat and summer kitchen. This is a fantastic house located close to boating Lantana boat ramp area, pristine beaches, West Palm Beach Airport and highways.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017