296 Cape Cod Circle #296
About This Property
This is truly 55+ living at its best!! Covered Bridge is a pet friendly community that allows 1 dog less than 22 lbs. Community offers 2 heated pools, 2 beautiful lakes with walking paths, shuffleboard & bocce courts, newly resurfaced tennis courts, newly redecorated clubhouse, exercise room, sauna, library and billiard room. Some two dozen clubs and organizations are very active, both year-round and during "season". Bingo, water aerobics, men's club, recreation club, Friday night dances, senior olympics, shows, art classes and more. There is something for everyone.
Close to malls, restaurants, churches, synagogues and hospitals. Located 6 miles to the ocean, 12 miles to downtown West Palm Beach.
Additional storage rental available for motorcycles, boats, trailers... etc.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 22, 2016 | Sold | ||
| Sold | |||
| Aug 19, 2016 | Listed by Keller Williams Realty Jupiter | $129,900 | |
| Listed by Keller Williams Realty Jupiter | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/19/2016
|
2 Bed
|
2 Bath
|
1088 ft²
|
$129,900
2 Bed
2 Bath
1088 ft²
|
$125,000
-3.77%
09/22/2016
|
Michael DaSilva
Compass Florida LLC
|
Building Info
About Covered Bridge Condominiums
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017