2760 NW 29th Drive
About This Property
Buy this home with as little as $37,439 down and payments less than $5,200/mo!* This fabulous New Floresta home with lake view is priced SUBSTANTIALLY below appraised value! This 2 story home featuring 2 master suites was designed with a beautiful floorplan reminiscent of traditional Florida tropical feel with tile throughout. 3bed/3.5 bath with walk-in closets in ALL bedrooms. Den/office can be transformed into perfect 4th bedroom with plumbing already in place for 4th bathroom. The upstairs master bedroom has a private balcony with an expansive lake and fountain view. The master bedroom on the main floor overlooks the sparkling pool. One of the Master suites could be used as a mother-i law suite. This home has grand vaulted ceilings, cabana bath, wet bar with sub zero refrigerator, large laundry room with bonus "craft room" The landscaped grounds are impeccable and private. Pool is heated and "cooled" 3 zone A/C. The centrally located home is close to prestigious private, Saint Andrew's School and Pine Crest School, A+ public schools and colleges, minutes to shopping, restaurants, entertainment, beach as well as, having direct access to I-95 & Florida turnpike. *Not an offer to lend. Restrictions may apply. Call for details.
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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 Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017