LIVE THE LIFESTYLE OF LAUDERDALE BY THE SEA, FLORIDA, IN THE GATED
COMMUNITY OF BEL AIR. THIS HOME IS CURRENTLY APPRAISED AT 1.4
MILLION & IS 2,693 SQ FT UNDER ROOF. HOME HAS 3 BED/ 3 BATH WITH
FAMILY ROOM & OFFICE, INCLUDING A DOUBLE GARAGE. NEEDS UPGRADES;
HOWEVER, BUYER CAN LIVE IN THE HOME WHILE DOING THE WORK. HOME HAS
UNIQUE FLOOR PLAN. VIEWS FROM THE HOUSE ONCE YOU WALK IN ARE
OF THE BACKYARD, WHICH IS TOTALLY PRIVATE AND LOOKS LIKE A TROPICAL
OASIS WITH A POOL. SIT UNDER YOUR LANAI IN THE BACKYARD, HAVE A
COFFEE OR DRINK & RELAX. HOME HAS A GAS GENERATOR & SOLAR PANELS,
WHICH WILL REDUCE YOUR ELECTRIC BILL TO APPROXIMATELY $ 80.00 PER
MONTH. WALK TO THE BEACH, STORES, RESTAURANTS, AND NIGHTLIFE!
VIEW IT! LOVE IT! BUY IT!
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.
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