134 Sweet Bay Circle
About This Property
Spacious floor plan.Crown molding.
Wood-like tile on entire 1st floor
Hand scraped wood floors on 2nd floor
Central vac. Plantation shutters. Generator
Medal panel hurricane shutters and impact glass on sliders. Natural gas. Surround sound
Crown molding and bead board accents
Ceiling fans. Generator. Large brick paver driveway. Expansive front lanai with custom bead board panel ceiling, and plenty of room for seating. Large open living room. Kitchen has granite counter tops with full tile backsplash, center island with pendant lighting, a full complement of appliances including 4 burner gas stove, microwave, sub-zero refrigerator, dishwasher, pantry, beverage cooler and bright breakfast nook overlooking Formal dining room with chandelier lighting. Family room has custom built-in shelving, and sliders to lanai, pool and beautifully landscaped yard. 1st floor guest bathroom has single vanity and shower. Laundry room has utility sink, cabinetry and front load LG washer and dryer. Second floor master bedroom has walk-in closet and reach-in closet with built-in shelving. Luxury master bath has his and hers vanities with granite counter tops, make-up area, additional cabinetry with granite counter and separate renovated shower. Large guest bedrooms have reach-in closets
2nd floor guest bath has tub/shower, single vanity with quartz counter top. This home has a brick paver covered lanai with custom bead board ceiling that overlooks the salt system pool/spill over spa and landscaped fully fenced back yard.
Amenities include community pool, playground, clubhouse, picnic area and street lights. Close to beaches, recreation, shopping, dining and entertainment. Easy access to major highways and Palm Beach International Airport.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017