18205 Lake Bend Drive
About This Property
Entertain guests outdoors in the expansive screened-in lanai, complemented by a recently refinished salt-chlorinated pool. The lanai, pool deck, and home perimeter are beautifully paved (2022) creating a stylish and low-maintenance space to enjoy. The dock has also been upgraded with all-new Trex material, offering a perfect spot to soak in the captivating lake views. Additional features of this home include Miami/Dade certified skylights, a newer 50-gallon water heater, impact front and garage doors, whole house water softener and kitchen RO system, as well as an alarm system with three cameras, a Ring doorbell, and a Blick pool screen door camera. For a comprehensive list of features, please refer to the attached features document.
Situated in The Shores of Jupiter, this exceptional community provides convenient access to I-95 and Turnpike interchanges. Residents benefit from highly acclaimed A-rated schools and remarkably low HOA fees. Just 4 miles away, you'll find the pristine beaches of Jupiter, while the Gardens Mall, Legacy Place, and Downtown Gardens are a mere 10-minute drive. The airport and downtown West Palm Beach are also easily accessible, located just 25 minutes away. Embrace the lifestyle of waterfront living combined with the convenience of nearby amenities in this remarkable home.
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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 Shorewood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017