2970 Spanish River 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 |
|---|---|---|---|
| Jun 24, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by Sutter & Nugent LLC | $1,250,000 | |
| Listed by Sutter & Nugent LLC | |||
| Feb 14, 2019 | No longer available | - | |
| No longer available | |||
| Feb 11, 2019 | Listed | $1,275,000 | |
| Listed | |||
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Phenomenal location with no HOA! Light and airy 4 bedroom, 4 bath home located on a private corner lot in prestigious Spanish River. Spacious kitchen is equipped with stainless steel appliances, granite countertops, tiled backsplash and a snack bar. The master suite features a slider to the balcony, custom walk-in closets and an en-suite bath. Second master on the first floor with a slider to the patio. Venetian plaster, crown molding, plantation shutters, neutral tile, wood flooring and a storage room complete this stunning home. Great outdoor living with a spacious balcony and a patio overlooking the heated pool and lush tropical landscaping. Located close to shopping, dining, entertainment, major highways, the intracoastal and beach. The manager has listed the unit size as 3269 square feet.
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| Feb 4, 2019 | No longer available | - | |
| No longer available | |||
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About Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017