12385 Rockledge Circle
About This Property
*Covered Outdoor Area
*Expansive Lake View
*Gated Community
*2 Guard Gates
*1 Automatic Gate
*Private Gated Entrance to Waters Edge Elementary School
*New Roof (Feb 2024)
*Samsung Bespoke Refrigerator - 2024
*Kitchen Aid Dishwasher - 2024
*GE Wall Oven/Microwave Combo - 2024
*Frigidaire Professional Cooktop - 2024
*Ikitch Range Hood 2024
*LG ThinQ Washer/Dryer - 2024
*American Standard Disposal - 1.25 HP
*Air Conditioner/Air Handler - 2019 (Trane/American Standard)
*Rheem Classic Series Professional Water Heater - 2019
*Double Crown Moulding
*Fenced Yard
*Resurfaced Pool and Spa (with color changing lights) - 2019
*Impact Front Door and Impact Garage Door - 2021
*New Luxury Vinyl Flooring in Bedrooms
*New Paint in Bedrooms
*HOA Dues (Boca Falls): $430 per month
*HOA Dues (Bay Winds): $132 per quarter
*Total HOA Dues are $474 per month
*HOA Covers: Cable, Internet, Common Areas, Common RE Tax, *Management Fees, Manager, Reserve Funds, Security
*Community Amenities: Basketball, Tennis, Community Pool, Walking/Jogging Paths, Fitness Center, Street Lights, Manager on Site, Playground
*Close to 27 Hole public golf course (Osprey Pointe) and 872 Acre South County Regional Park
*Close to shopping and restaurants
Centrally located between West Palm Beach and Miami
*Pets Allowed: Yes. Limitation on number and no aggressive breeds
*Minimum Lease Term is Currently 90 Days, Lease 1 Time Per Year. Association approval required.
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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 Boca Falls
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017