154 Beach Summit Court
About This Property
Glass enclosed patio overlooks lake with lit fountain. Kitchen has been partially upgraded. New exterior paint color and new paver bricks on driveway, walkway and rear walkway behind gate. Built-ins in garage and extra refrigerator in garage. Walk to restuarants and shopps at the Bluffs. Walk to Beach and Juno Fishing Pier. Amenities include large Olympic heated pool, tennis courts, pickleball, basketball court, kiddie pool, kiddie playground & dog park. Very low maintenance Fee!! Owner will occupy until the end of April. Can not be closed until May 15th, 2020.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2020 | Sold | ||
| Sold | |||
| Feb 5, 2020 | Listed by Signature Properties of the Palm Beaches LLC | $619,500 | |
| Listed by Signature Properties of the Palm Beaches LLC | |||
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About The Bluffs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017