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18224 181st Circle S
About This Property
*Low HOA*
*All Age Community*
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Welcome to Boca Chase! A lovely quaint neighborhood with over 1,400 homes and 15 subdivisions. Boca Chase Drive is lined with lush trees, colorful landscaping, lighted streets, and sidewalks on both sides of the road.
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This 3 bedroom, 2 bathroom, 2 car garage, single story detached home features:
- Updated Kitchen
- Freshly Painted Interior 2023
- Freshly Paved Driveway 2023
- New Washer/Dyer 2021
- Freshly Painted Exterior 2019
- New A/C 2019
- Hard Floors in Common Areas
- Remote Controlled Fans
- 3 Zoned Sprinkler System
- Designer Koi Pond
- Three Covered & Screened Lanais
- Tranquil Landscaping
- And much more!
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- No HOA Application
- No HOA Approval Required
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There are several reasons why people might consider moving to Boca Raton. Some of the appealing aspects include:
Beautiful Weather: Boca Raton boasts a warm and sunny climate, with mild winters and hot summers, which can be a huge draw for individuals seeking a more consistent, warm climate year-round.
Beaches: The city is known for its beautiful beaches, offering opportunities for relaxation, water sports, and a vibrant coastal lifestyle.
Recreational Activities: Boca Raton provides a range of recreational activities, including golf courses, parks, and access to the Intracoastal Waterway for boating and water-based activities.
Cultural Scene: There are numerous cultural offerings in Boca Raton, such as museums, art galleries, and a renowned amphitheater that hosts various events and concerts.
Business and Employment Opportunities: The city has a growing job market and a diverse economy, offering opportunities in various industries, including technology, healthcare, tourism, and finance.
Diverse Communities: It's a culturally diverse city with a mix of communities, attracting residents from various backgrounds and walks of life.
Proximity to Major Cities: Located near Palm Beach, Fort Lauderdale, and Miami, Boca Raton offers the advantages of urban areas without the constant hustle and bustle.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Boca Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017