186 Sims Creek Lane
About This Property
This gorgeous home boasts nine foot ceilings with 7 5/8" crown molding throughout the house. The home has been updated from sliders to French doors leading to your oversized patio. From the backyard you can observe manatees and egrets exploring Sims Creek, which is bordered by a bank of mangroves located on the far side of the waterway on your property line (see survey). This unusual situation creates a uniquely private wildlife preserve/sanctuary for you in your yard. This is a view for a lifetime. With an abundance of storage capacity in the garage, with the built in shelving and pull down ladder to access the attic that has plywood flooring for even more storage. (DO NOT forget the location, LOCATION LOCATION LOCATION: Only minutes to West Palm Beach International Airport, the world renowned Jupiter Medical Center, Carlin Park beaches, Restaurants, Theatre, Harbour Side, Love Street, the old Square Grouper, Guanabanas, 1000 North, and many more. Only one fixed bridge @ Center St. bridge. At high tide you have a 4ft. 6in clearance; while at low tide it is just over an 8ft clearance. Neighbors have center consoles, deck boats, and flats boats up to 28 ft long with Bimini tops or fold down T-top's and have no issues going in and out at any time during the year.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2023 | Sold | ||
| Sold | |||
| Feb 10, 2023 | Listed by Nicklaus Vance | $925,000 | |
| Listed by Nicklaus Vance | |||
| Mar 30, 2019 | No longer available | - | |
| No longer available | |||
| Mar 15, 2019 | Price Increased |
$530,000
↑ $20K
(3.9%) | |
| Price Increased | |||
| Mar 5, 2019 | Price Decreased |
$510,000
↓ $9K
(1.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017