28 Tropical Drive
About This Property
The kitchen features a coffered ceiling, center island prep area, granite countertops, a breakfast bar and top quality stainless steel appliances.
The large master suite has walk-in closets, a luxurious master bath with Roman tub, and a balcony with spectacular views of the ocean.
Other amenities include a wrought iron fenced front yard with mature landscaping, a custom brick-paved walkway to the front entry, a brick-paved driveway and attached garage. While the look and feel of this home makes you think of Key West, the home is located just minutes from some of south Florida's best shopping and dining.
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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 Palm Beach Shore Acres South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017