52
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18045 Rhumba Way
About This Property
Additionally, there is a fully equipped gym for fitness enthusiasts, as well as tennis and pickleball courts for those who enjoy playing racquet sports. A half court basketball court is also available for basketball enthusiasts. These amenities are included in the reasonable monthly homeowners association (HOA) fee of $180.
Another notable advantage of Symphony Bay is its location within Boca Raton's A+ rated school district. Families residing in this community can take advantage of the excellent educational opportunities provided by the local schools.
Overall, living in Symphony Bay offers the perfect combination of a well-maintained home, desirable amenities, and access to top-rated schools, making it an appealing choice for those seeking an exclusive and convenient lifestyle in Boca Raton.
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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.
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About Symphony Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017