205 SE Spanish Trail
About This Property
There is nothing like this on the water!! One of only a few select estates located on coveted Lake Boca. This premier location has wide
intracoastal views, visible from the entire home, and is just a few blocks to the beach. The
home was redesigned by Michael Gray Interiors in 2021.
This beautiful recently updated 7 bedroom, 9 full bath and 3 1/2 bath will take your breath away! This home has everything you could think with 104 ft of premium waterfrontage, no wake zone... a boaters dream. Gourmet Chefs kitchen, billiards rooms, spa room, movie theatre, 3rd story roof top terrace, guest house, outdoor kitchen and so much more.
All A/Cs were replaced in August 2021
The home is fully equipped with a full sonos system, security cameras, security The heated saltwater pool has just been updated and has a full remote controlling system for heating and lighting. The home has an elevator, generator, and both garages are air conditioned.
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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 Raton Por La Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017