Built in 2016, this stunning home is move in ready and provides
true coastal living with private beach access just steps away! This
3 ensuite bedroom home with an office, pool and 5 bathrooms
is a rare find in the exclusive neighborhood of Hillsboro Shores.
This residence features sky high ceilings, an open floor plan,
marble countertops throughout the kitchen + all bathrooms,
porcelain tile floors throughout, hurricane impact windows + doors,
a two car garage + a freshly insulated, 2016 roof. Located just
steps away from Millionaire Mile, the new Armani Casa, the W, the
Waldorf Astoria, the Ritz Carlton + several beachfront dining
options. Hillsboro Shores is one of the only neighborhoods in South
Florida that has private beach access. Move to a laid back
community with endless perks!
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.
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