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20070 Ocean Key Drive
About This Property
There are even 2 lion statues that come with the house. The home inside
Palm Beacher model home. On the first floor, you will find the living area, dining area, kitchen area and a bedroom.
Additional features:
2 zone air conditioning with one unit replaced less than 2 years ago.
First floor living area, dining area and bedroom are 24" x 24" Saturnia marble.
Granite countertops in kitchen and stainless steel appliances.
Bathrooms remodeled.
Crown molding.
Custom wood wall moldings.
Custom window treatments and draperies.
All windows, doors and garage doors are hurricane impact resistant.
Central vacuum system.
The home is equipped with a security alarm system and 16 camera security system.
Roof replaced in 2012.
The home outside
Pool and patio area remodeled. All patio doors are French doors. Nicely secluded patio area with marble pavers. Pool has a self cleaning Care Taker System. Changing color lights in pool and water spills.
To water the lawn, there is a sprinkler system with new pump.
Fenced in yard.
Circular brick paver driveway. Plenty of parking space outside of the 3 car garage.
Boca Isles South community
This home is located in a manned gated community with low homeowner association fees. Boca Isles South is adjacent to the Coconut Cove Waterpark. Moreover, it is within a few minutes of the Burt Aronson South County Park, home to the Osprey Point Golf Course, Sunset Cove amphitheater, playgrounds and dog park and much more! A great place for a family to call home.
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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 Isles South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017