Bal Harbour Village - Gated Community Great Development
Opportunity!! Build your dream home on this fabulous 11,560 square
foot lot. Great location within close proximity to the marina,
beaches, world renowned Bal Harbour Shops, pars & places of
worship. There is currently a 3 bedroom, 1 story home on the
property that is rented until June 2023 - house.
The manager has listed the unit size as 2120 square feet.
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.
learn more about cap rate here .