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20023 Waters Edge Drive
About This Property
Bright and open, the soaring ceilings offer garden and lake views everywhere.There's a spacious master suite on the main level, large living room, dining room and kitchen with family room.
Upstairs there are 3 more generous bedrooms one with a bath ensuite the other 2 share a bath.
Screened patio and yard overlook lush landscaping and lake. There, are accordion shutters, roof replaced 2023.
Joining fee will increase $35,000 on Oct 1.
Ideally located, an exceptional value
Come live and play in Boca Raton's finest community .
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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 West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017