18567 Harbor Light Way
About This Property
The Shores is a guard-gated community w/clubhouse,outstanding fitness center, heated pool & spa, steam rooms, basketball court, children's playroom and tot lot. Active tennis program w/leagues & pro's available for lessons. The 860 acre South County Regional Park is across from entrance to the community and has a water park, nature center w/children's programs, boat launch, dog park, amphitheater for musical & theatrical perfomances, 27 hole golf course, tennis center, ball fields for many different sports and tree-lined walking paths. Walk to A-RATED Sunrise Park Elementary & Eagles Landing Middle Schools. Special academies at Olympic Heights High School. The Shores is a financially stable community with reserves & on-site professional management.
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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.
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 Shores at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017