Best opportunity available in all of Central Boca for a one story
single family home with a new roof being installed. Located
in Costa Brava, a cozy village of Boca Pointe, this home offers a
peaceful corner lot on a quiet cul-de-sac street, impact windows,
wood floors, eat-in kitchen, split bedroom plan, TWO screened
patios w/brick pavers, a pretty powder room w/pedestal sink plus a
spacious indoor laundry room w/closet, cabinets & a utility sink.
Spacious Master Suite w/two walk-in closets, soaking tub & high
ceilings. Other 2 bedrooms, each with a walk-in closet, share a
Jack & Jill bath. Community welcomes all ages, is pet friendly,
zoned for "A" rated schools, AND NO CLUB MEMBERSHIP is required
although all types are available. Shopping, parks and the beach are
just minutes away. ANSWERS TO FREQUENTLY ASKED
QUESTIONS + Things You Should Know: * Roof in process of
being installed. * Pretty corner lot on quiet cul-de-sac
street. Close to residents entrance/exit. * "A" Rated Schools
- Verde Elementary, Boca Middle and Boca High School * Convenient
to shopping, parks, beach + all the great things Boca has to offer
* Membership to Boca Pointe Country Club is available but NOT
MANDATORY. * Association approval required. $275 Application Fee.
Please allow up to 30 days. * No rentals the 1st year of ownership.
Minimum 4 months per 12 month period. * Maximum 2 pets permitted. *
Capital contibution equal to 2X monthly HOA fee. * HOA fee includes
cable & internet (HOTWIRE), lawn/landscaping, alarm monitoring,
security, community pool + painting of house exterior every few
years as deemed appropriate by Association.
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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