1221 SW Blue Stem Way
About This Property
The dream kitchen features an island in the center, granite countertops, solid wood cabinetry with glass fronts, large walk-in pantry, double oven........ ...... new stainless steel appliances, counter seating and an additional breakfast nook.
A sit-down office/study space off the kitchen leads to the laundry room with newer washer and dryer. The garage accommodates 2 vehicles, with an additional attached golf cart garage, and an additional office/studio space.
This extraordinary home is in The Estate section of the gated golf course community of the Florida Club. The community offers tennis courts, pickleball courts, community pool, and lovely tree lined streets. Centered in the development is a Championship "pay as you play", no membership required 18-hole golf course, with clubhouse, restaurant, pro shop, and driving range. Interstate 95, and the Turnpike are nearby for easy commutes. Less than 15 minutes to the beach, and close to the dining and nightlife of Jupiter and Palm Beach.
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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%.
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