270 Celestial Way
About This Property
The 2nd-floor master includes: white-washed hardwood oak floors, gas fireplace, an en-suite bath w/skylight, French doors leading to a balcony on the east side of the home & a lg. master closet (11X11). There is also a 2nd lg. balcony w/Trex decking on the west side of the home. The owners have architectural stamped drawings for a 2nd master w/ en-suite bath to be located on the 2nd balcony (west).
The primary residence features: impact glass windows throughout; roll shutters on the front door & 2 French doors; one-car garage; standing seam medal roof; Carrier HVAC
The guest cottage is perfect for extended family or rental income & features include: newer accordion shutters (2019), standing seam medal roof (2019), updated interior bathroom as well as an outdoor enclosed beach shower w/hot & cold water, Carrier HVAC (2019), screened patio w/ Trex board.
The town hall, police & fire departments are minutes from the property. Juno Beach is located a short drive from world-class outdoor activities including golf, fishing, diving & boating as well as amazing dining, luxury shopping & theatre. The PB International Airport is a 20-minute drive from this property.
The glass shelves in the living area of the great room do not convey. The 5-fans in the primary residence do not convey.
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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 Juno Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017