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12880 Cocoa Pine Drive
About This Property
The kitchen with high-end appliances and granite countertops, catering to both functionality and style, overlooks the pool patio. This home has a combination of beautiful hardwood floors and tile throughout. The split floor plan ensures a private retreat in the master suite, complete with an ensuite bathroom and oversized finished closet space. The remaining bedrooms offer flexibility for guest rooms, home offices, or playrooms.
Noteworthy features include a new roof installed in 2020, a solar roof panel supplementing the hot water heater. The backyard opens to acreage, ensuring a serene and private atmosphere.
Located in the desirable community of Cocoa Pine Estates, just 10 minutes from downtown Delray Beach, the Atlantic Ocean, and Atlantic Avenue known for its boutique shops and restaurants.
This home is an embodiment of comfort, luxury, and modern living.
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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 Cocoa Pine Estates
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017