23090 L Ermitage Circle
About This Property
La Joya is a small gated community with 68 single family residences, ideally located off of SW 18th St., just West of Military Trail. The community offers gated access, tennis, basketball hoop, community pool, clubhouse, low HOA dues that include basic cable and HBO. Zoned for excellent A-Rated schools including newly renovated Verde for grades K-8. Close to Sugar Sand Park, home to the Children's Science Explorium, Willow Theatre, The Field House and the newly renovated $2 Million Playground. Sugar Sand Park also offers Boca Little League. La Joya is just a 15 minute drive to the beach and/or Boca Beach Club, plus tons of shopping and dining options nearby, centrally located with easy access to I95, and Florida's Turnpike.
Quick Facts: Roof replaced in 2007, Flat Roof Replaced in 2011, Impact Glass windows and doors installed in 2018, 2021 Water Heater, Two 2012 Rheem AC's, 2013 Pool Heater, 2017 Paver Driveway, renovations throughout competed between 2011-2020 including kitchen, bathrooms, new staircase with glass railing, landscaping and more.
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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.
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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 Del Mar
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$5,700 /mo
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$8,500 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017