23162 L Ermitage Circle
About This Property
The bathrooms have been luxuriously remodeled with high-end finishes, offering a spa-like ambiance. Upstairs, the expansive master bedroom suite awaits, complete with a walk-in closet and a private balcony. The master bath is a sanctuary in itself, featuring a Roman tub, shower, and his and her sinks.
Outside, a grand circular driveway leads to a Spacious 2 car garage, providing ample parking space. This home truly has it all and more, promising a lifestyle of luxury and comfort in one of Boca Raton's most coveted communities.
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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 Del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017