2929 Banyan Road
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed | $1,975,000 | |
| Listed | |||
| | |||
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Reimagined, Revitalized, & Refreshed. This fully renovated 4bd/3bath home in Boca Raton's prestigious Spanish River Lands is just 1 block from the beach, offering coastal luxury in flood zone X (no flood insurance required). It features freshly polished concrete floors, a modernized kitchen with new state-of-the-art appliances, & updated bathrooms. Upgrades include electrical systems, new AC/ductwork, pool pump, & filter for enduring efficiency & comfort. Miami-Dade approved hurricane impact glass windows, doors, & garage door ensure protection while allowing natural light. Enjoy the swimming pool & yard on a 9,350 sq ft landscaped lot. Beyond beach access, it's near a vibrant commercial & entertainment district, combining lifestyle with A-rated schools at an attractive price point. No HOA
| |||
| Mar 15, 2023 | Sold | ||
| Sold | |||
| Feb 10, 2023 | Listed by Sutter & Nugent LLC | $1,395,000 | |
| Listed by Sutter & Nugent LLC | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017