16239 Cabernet Drive
About This Property
MAGNIFICENT LOCATION! OVERSIZED WIDE LOT WITH SPECTACULAR LONG LAKE VIEWS ROOM FOR POOL! DESIGNER FINISHES AND CUSTOM BUILT IN WALL UNITS. ALSO INCLUDED ARE WINDOW TREATMENTS AND DESIGNER LIGHTING FIXTURES. ELEGANT MASTER SUITE ON MAIN LEVEL. EXPANDED FULL BATH IN LOFT. BUILT IN CLOSETS..**NOTE-PROPERTY LINE IS BEHID FENCE ROOM FOR POOL SEVEN BRIDGES GATED LIFESTYLE COMMUNITY WITH 3 POOLS, SPA, CHILDREN'S WATER PARK, PLAYGROUND, WALKING AND BIKE PATHS, OUTDOOR DINING AND BAR, CLUBHOUSE WITH SPA AND GYM, CHILDREN'S PLAYHOUSE, PUPPET THEATER, INDOOR BASKETBALL, FULL SERVICE RESTAURANT DINING WITH BAR,. FULL LANDSCAPE MAINTENANCE INCLUDED. SECURITY PATROL. A 'GL HOMES' SOUGHT AFTER PREMIER LIFESTYLE COMMUNITY. CALL ROBERTA 631-680
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017