345 Seaspray Avenue
About This Property
Light-filled rooms at every corner. Main house has 4 bedrooms, 4 baths, 1st floor powder room, renovated chef's kitchen and master bath.
Broad awninged terrace at rear faces a new lap pool, two-car garage with studio apartment upstairs, and pool cabana with its own full bath, bedroom and living room.
Close to EVERYTHING! One block to Palm Beach Public School and PB Day Academy. A stone's throw to Four Arts, Seaview Tennis and Rec Center, or a short Lake Trail stroll to Worth Avenue and Royal Poinciana restaurants. For those errands when you need a car, a wide circular drive makes off-street parking a breeze. Deeded beach access via Sea Streets beach gate at Seaspray.
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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.
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About Poinciana Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017