187 Helios Drive
About This Property
Upon entry you are greeted by a spacious living room with high ceilings and sliders leading out to the back patio. On your left is the formal dining room which is a great space for dinner parties. The kitchen, which features double ovens, granite counter tops and tons of cabinets for storage, overlooks the family room which has more sliders leading out to your screened in pool. During the cooler months, it's a great layout to have a seamless transition from indoor to outdoor living and a great house for entertaining. There is a wet bar and beverage cooler in the family room.
The master bedroom is on the north side of the home and has sliders leading out to the pool area. The 4th bedroom is located just outside the master and is currently set up as an office. Two more bedrooms and bathrooms are on the south side of the home. With this premier location, the possibilities are endless with this property.
Olympus is a quiet, beachside community that offers tennis courts and a private walkway to the beach, which is only 3 houses down from this property. You are only minutes to World class shopping, dining, golf and boating. PBIA and downtown WPB are only 25 minutes away.
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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 Olympus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017