3755 Lighthouse Drive
About This Property
New high efficiency A.C. new kitchen, new cabana bathroom, new floors in spare bedrooms, new paved grill deck, landscaping upgrades, new sprinkler system motor, gutters in front of house, new blinds for front window, painted baseboards, (new fans/lights in living room, kitchen, and bedroom closest to pool), new shower door and cabinet in master bathroom, new high efficiency washing machine, and newer dryer.
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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 Palm Beach Gardens South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017