1290 Bimini Lane
About This Property
Featuring 4 BR's, 5 full baths (3 en suite), oversized 2 CG plus additional 1 CG with over 3700 square feet of living space. A beautiful new (2018) solid mahogany and impact glass front door welcomes you into this light and bright home. Climate controlled 300 + bottle wine cellar, double wall ovens, new SS refrigerator, 6 burner natural gas range, large island with work space and seating, abundance of counter and cabinet space throughout kitchen, walk in pantry, indoor laundry room w/ second full size refrigerator, central VAC, coffee bar in master B/R, separate tub and shower and large walk in closet, 2CG features work shop/tackle room with full bath. Covered 24' x 24' lanai w/summer kitchen, TV, music, natural gas grill and beautiful sunset view Generator hook up/transfer switch, owned security system w/HDIR cameras and DVR, 2 AC's (2015,2017), 2 water heaters (1 gas 1 elec), exterior freshly painted 2018, exterior lighting fixtures new 2018, full LED landscape lighting, fully fenced on almost .5 acre lot, owned water softener system.
Room for up to a 40' boat and situated on the wide turning basin.
Look no further this lovely home has it all.....
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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 Palm Beach Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017