3203 Pierson Drive
About This Property
With only 83 lots and a single entrance, Trade Winds Estates provides a sense of exclusivity and privacy. The neighborhood's serene atmosphere is complemented by its proximity to the intracoastal waterway, ensuring residents are treated to refreshing ocean breezes year-round.
Convenience is key in this prime location, as residents are just over a mile away from the pristine beaches of Delray Beach and a short golf cart ride from the vibrant attractions of both Atlantic Avenue and downtown Boynton Beach. Whether you're craving a day of sun-soaked relaxation or an evening of dining and entertainment, everything you desire is within easy reach.
This property presents a unique opportunity to customize your own slice of paradise, whether it's renovating the existing charming single-family home or designing your dream residence from the ground up. With its combination of luxury, proximity, and untapped potential, Trade Winds Estates invites you to seize the opportunity to create the lifestyle you've always dreamed of.
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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 Trade Winds Estates South
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$8,500 /mo
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$6,000 /mo
- 2 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017