35
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312 Central Drive
About This Property
Boasting 9-ft ceilings in the main living areas, a prominent brick wood-burning fireplace, spacious and bright Florida Room and updated dark luxury vinyl wood-like flooring. Bathroom beautifully renovated with subway tiles, a walk-in shower and classical console bathroom sink. Newer stainless steel appliances in kitchen with soft-close dark wood cabinetry and subway tiles. Roof in 2020 with hurricane strappings, AC 2021, (more) alarm system, updated electrical panel and tankless gas water heater.
Lushly xeriscaped private, fenced in 75 x 50 lot with outdoor shower and iron entry gates provides a whimsical setting for entertaining on the covered deck with dining area and swinging bench! Increase the property value with a timeless expansion and a possible pool!
Located a mere block and a half to the intracoastal waterway, antique row for shopping and dining, and only minutes away from beaches, downtown WPB, parks, shopping, entertainment, PBI airport, Brightline and so much more!
This is an investment not to be missed!
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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 Central Park Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017