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1221 Morse Boulevard
About This Property
The two-car garage is spacious, and if all this is not enough, this home is just a short walk to the blue waters off Singer Island's coast. Ready to cozy up inside? This interior has been tastefully updated throughout, with an open concept kitchen, dining, & living space you will be ready to relax. The space is inviting and ready to accommodate a large gathering, the possibilities are truly limitless. Open up the large sliders and let the island breeze captivate. The professional landscape architecture & lighting completes the island vibe. The proximity to just about everything the Palm Beaches has to offer makes this residence speak for itself. Those who call Singer Island home truly have it all, the only thing missing is you.
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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 Yacht Harbor Manor
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$3,000 /mo
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$2,795 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017