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2615 Colgate Lane
About This Property
Renovate the existing 3 bedroom, 2 bath CBS home with a recently upgraded (2022) tile roof, or build new- the possibilities are endless! In addition, the current home features an open concept floor plan, updated gourmet kitchen, washer and dryer, and two car garage
This is currently the only deepwater lot available in all of College Park. Call today for a private showing. Spectacularly located, this waterfront home is just minutes from Downtown Lake Worth with vibrant shopping and dining, and also in extremely close proximity minutes to West Palm Beach, Palm Beach Island, I-95 and international airports. Call for a private showing.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About College Park
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Currently no similar homes aroundNearby Rentals
$8,200 /mo
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$3,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017