1663 Newhaven Point
About This Property
Every room has ceiling fan and bathrooms adjacent to the bedrooms. The 5th bedroom ON THE FIRST FLOOR can be a maid or mother-in-law suite with its own full bath and separate garage entry. Kitchen features Corian counters, including wall oven and large center counter to sit at or to eat at as well as a breakfast area. Climb the beautiful stairs to the 2nd floor where the Master bedroom is located. Two large walk in closets and Master bath features dual sinks and center Jacuzzi tub. The welcoming backyard features a view of the lake. A covered patio is perfect for grilling and entertaining. This home is located in in the center of Wellington although it is zoned as the unincorporated West Palm Beach", it utilizes all of Wellington's "A rated schools". Close to The Wellington Green Mall and shopping stores galore as well as major highways. THIS HOUSE IS A MUST TO SEE!
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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About Stonehaven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017