52
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136 Lucina Drive
About This Property
Town of Hypoluxo, whose Seminole name translates to "water all around," is a gem of a coastal town offering a lifestyle deeply connected to the water. Known for its peaceful atmosphere, residents enjoy boating, fishing, and outdoor living against a backdrop of scenic preserves, pristine beaches, and the 97-acre Hypoluxo Scrub Natural Area with trails and observation points. With nearby dining, shopping, and cultural hubs in Delray Beach and West Palm Beach just minutes away, Hypoluxo blends natural beauty with convenience. A true South Florida retreat, this community offers timeless appeal and a welcoming spirit.
Property and Boat Slip Survey in Documents. As per Seller, 10,000 pound boat lift.
All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, and change of price, rental, prior sale, leasing, or withdrawal without notice.
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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 Hypoluxo Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017