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3860 Lone Pine Road
About This Property
Please do not drive in yard or disturb owners!
BRING YOUR BUYERS! ONCE YOU DRIVE THRU THE GATES OF THIS MAGICAL PRIVATE COMPOUND - YOU WILL SAY WELCOME HOME! THIS SIX BEDROOM HOME LOCATED ON ONE ACRE HAS AMENITIES WHICH INCLUDE: RESORT STYLE SWIMMING POOL WITH SLIDE & WATERFALL - KOI POND-FIREPLACE - WOOD BURNING POT BELLY STOVE - PROFESSIONAL BOCCE COURT WITH GAZEBO - HURRICANE DOORS & WINDOWS THRU-OUT -
WALK-IN COOLER IN GARAGE. PROPERTY IS COMPLETELY FENCED IN WITH PLENTY OF ROOM TO STABLE YOUR HORSE, HAVE YOUR OWN TENNIS COURTS OR GROW YOU OWN GARDEN. THERE ARE NO HOMEOWNER ASSOCIATION OR FEES WELCOME TO PARADISE! MOTIVATED SELLER - SUBMIT OFFERS! CALL US TO VIEW THIS COMPOUND!
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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 Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017