252 Tequesta Circle
About This Property
The upstairs master suite includes oversized his and her walk in closets, a spacious bathroom with dual shower and soaking tub and spacious covered balcony overlooking the water. Enjoy endless hot water from 3 tankless water heaters with recirculating pump supplied by a 1,000 gal underground propane tank. An additional upstairs bedroom is an ensuite with large walk-in closet that also opens out to a balcony overlooking the water. This home is architect designed with many coastal contemporary features and includes new lush tropical landscaping. There is public water and sewer at this location, which is within walking distance to Tequesta Country Club. The exterior photos illustrated are virtual renderings and the interior photos are of a previously completed home with a similar layout and finishes. No furnishings, light fixtures, window treatments or dock / lift are included in the purchase price.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017