309 Franklin Road
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2023 | No longer available | - | |
| No longer available | |||
| May 3, 2023 | Listed by Douglas Elliman Florida LLC | $1,595,000 | |
| Listed by Douglas Elliman Florida LLC | |||
| | |||
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FURNISHED Spectacular 4-bedroom home is offered fully furnished, turnkey and is ready to be immediately enjoyed. This dreamy Florida bungalow incorporates bright and airy living spaces, gourmet chef's kitchen, indulgent master suite and a wonderful floorplan accomodating a multitude of buyers. Lush gardens surround your tropical pool and provide endless outdoor entertaining spaces making the most of every inch of the property. The home is perfectly perched on a cozy, private lot just 2 blocks from the Intracoastal Waterway, Flagler Drive and mere miles from all that West Palm Beach and Palm Beach Island have to offer. The manager has listed the unit size as 1766 square feet.
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| Jan 4, 2022 | Sold | ||
| Sold | |||
| Jul 1, 2021 | Listed by Brown Harris Stevens of PB | $1,395,000 | |
| Listed by Brown Harris Stevens of PB | |||
| May 12, 2021 | No longer available | - | |
| No longer available | |||
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About Broadmoor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017