14968 Rapolla Drive
About This Property
This elegant beauty sits center of the lake and features 24 x 24 hi gloss white tile flooring throughout, upgraded white kitchen cabinets with white quartz counter tops, upgraded GE stainless steel appliances, closet built-ins, kitchen pull outs, plantation shutters, crown molding in center hallway, hi-hats and screened in lanai with fantastic water views.
Villaggio Reserve is a 55+ community that has a 38,000 sq. ft. club house with 2 adult pools, kiddie pool, jacuzzi, cafe, fitness center, seasonal entertainment, clubs and newly renovated sports complex offering additional shaded bocce ball courts, 5 tennis courts and 6 pickleball courts.
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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