14801 Rapolla Drive
About This Property
This most requested model has striking designer accents throughout including applied moldings with mirrors, faux painting in baths, built-ins in den and living room
Upgraded white kitchen cabinetry with quartz counter tops and backsplash, upgraded stainless steel appliances including cooktop and double wall oven,
crown molding, light and neutral porcelain tile in main areas, Hunter Douglas window treatments, decorator draperies, stunning lighting fixtures and ceiling fans, double sinks in primary bath with soaker tub and free standing shower, extended screen lanai with beautiful lake view.
VR has a 38,000 sq ft clubhouse, 2 adult pools, kiddie pool, cafe, bocce, tennis and pickleball...
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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
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017