20189 Back Nine Drive
About This Property
*Monthly HOA $720 quarterly ($240 a month)
*All hurricane proof sliding doors and windows put in between 2015-2019
*New roof 2016
*Resurfaced pool 2018
*New screen on side patio 2019
*Outside paint 2019
*Outdoor light fixtures 2019
*Indoor paint between 2014-2019
*Hunter Douglas shades (warranty) throughout house-privacy shades in master bedroom
*The container store custom built in closet in Guest room 2017
*Bar with storage and quartz countertops and sink 2015
*ADT hook up throughout house
Upgraded entire kitchen in 2015
" opened up area by taking wall down
" quartz countertop
" new cabinets
" new appliances
" new sink and faucet
" new backsplash
" fresh paint
" new light fixtures over island
" new fan
Upgraded all bathrooms
-Master 2018 (gutted)
"EVERYTHING in Master Bath is brand new including quartz countertops, tiles, porclean bath, paint, new toilet, glass shower, mirror, light fixture, shower head, faucets, sinks, etc.
-Main Guest 2019 (gutted)
"EVERYTHING in Main Guest Bath is brand new including new vanity, tiles, glass barn sliding door, paint, new toilet, mirror, light fixture, shower head, faucet, etc.
-Guest 2013
"EVERYTHING updated in Guest Bath including vanity, tile, shower head, etc.
Guest Bedroom (large room fits crib two dressers and chair)
"New ultra soft cushioned carpet in guest room 2016
"One large closet and a smaller closet
"Private patio
Guest Bedroom (large room-fits king size bed, night stands and desk)
"one spacious closet
"attached bathroom
"View of golf course and pool
Master Bedroom
"New carpet in master bedroom between 2017-2018
"very large room (fits crib, king size bed dresser and nightstands)
"two walk in closets (one large one smaller)
"privacy hallway and entry to master bath
"view of pool, golf course and lake
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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 Boca Greens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017