241 Gregory Place
About This Property
The heart of this home is its open living floor plan, perfect for both everyday living and entertaining. The primary bedroom is a sanctuary of its own, overlooking the inviting pool area. You'll appreciate the generous master bath, complete with his and hers vanities, and two large walk-in closets providing ample storage for all your wardrobe needs.
With three additional bedrooms plus an office, there's plenty of room for guests and entertaining. This home also features a fenced-in patio area with plunge pool, and an attached 2-car garage. It also has proximity to Lake Worth beaches, I-95, Flagler Drive bike path, Worth Avenue shopping, and fantastic dining. Not to mention just 3 minutes away is The Park, a brand new, full-range golf facility.`
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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%.
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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 Lewis Shore Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017