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127 Steeple Circle
About This Property
Noteworthy features include impact windows and doors for peace of mind and energy efficiency, porcelain tile flooring on the diagonal throughout the main living areas, silhouette blinds in the dining and living room, and a custom-built bar with an electric fireplace. The primary suite offers French doors leading to the breathtaking pool and patio, and dual walk in closets complemented by custom shelving in hers. The home is equipped with solar panels, ensuring remarkably low electric bills for the entire house. This property is truly an entertainer's paradise with luxury and functionality seamlessly blended.
The HOA takes care of the lawn in front and back as part of dues. Amenities include an amazing clubhouse with fitness center, kids splash park, resort style pool and jacuzzi, numerous playgrounds, basketball, 2 tennis courts, walking/jogging trails and much more. The Rialto social committee is always busy planning events for the residents to come together for people of all ages. Jupiter Community Park is right across the street and is home to many sports for kids and adults. Rialto is centrally located in Jupiter close to beaches, restaurants, and shopping. Only a short drive to Palm Beach International Airport and easy highway access with I-95 and the Turnpike only minutes away.
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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%.
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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 Loxahatchee Reserve
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$8,500 /mo
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$6,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017