2360 Tecumseh Drive
About This Property
Bear Lakes Estates North is the crown jewel of The Villages located in the heart of West Palm Beach and adjoins the Bear Lakes County Club with a fabulous new $7M Club House launch in November 2018 (see www.BearLakes.org) and minutes from the $150M ''FITTEAM Ball Park of the Palm Beaches''-160 acre development spring-training home of the 2017 World Series Champion Houston Astros and NL East Champion Washington Nationals and with the new $280M Banyan Cay Resort & Golf nearby. Location, location, location..
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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 Villages of Palm Beach Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017