23228 L Ermitage Circle
About This Property
With only 67 single family residences, the exclusive community of La Joya is 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: Pool refinished in 2019 (chlorine system), pump replaced 2020, filtration replaced 2021, Roof replaced in 2008, SIW Impact Glass windows and doors installed in 2017, 55 Gallon Water Heater 2017, Two 2.5 Ton AC's 2013 & 2018, 2004 Screen Pool Enclosure.
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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 Del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017