3873 Netherlee Way
About This Property
Our Members Make Us Special:
Wycliffe prides itself on warmth, friendliness and lack of pretension. We integrate new members quickly into a lifestyle that all have come to love. Above all, it is the members of Wycliffe who make the Club the wonderful place it is.
Location, Location, Location:
Wycliffe is conveniently situated midway between Boca Raton and the Palm Beaches, in the village of Wellington. You'll find easily accessible casual and fine dining, shopping and a myriad of cultural venues and events. Located just 20 minutes from Palm Beach International Airport, 30 minutes from the powder sand beaches and the famous Worth Avenue of Palm Beach. Wellington is one of the top three equestrian centers for Polo and fine equestrian events in the world.
The Place:
Wycliffe has invested substantially in its future. Recently, Wycliffe greatly expanded and redesigned its already impressive clubhouse and resort style pool area. The clubhouse provides members with exceptional indoor and outdoor dining facilities, state of the art health and fitness center and Spa, plus entertainment areas and expanded men and ladies' card rooms.
Great Golf:
The pride of Wycliffe is its two premier championship 18-hole golf courses. Your golf experience is enhanced by golf lessons, convenient tee times, tournaments, clinics, pro-exhibitions, a fully stocked Boutique Pro Shop and an in-house golf cart service center.
Tennis:
The active tennis center consists of 16 Har-Tru courts. Special year-round events and team leagues guarantee fun and competitive play. The tennis center's stadium seating adjoins the Grille Room veranda so you can sit back, have a drink and enjoy a professional tennis exhibition.
Financial Health:
Wycliffe is financially sound! We have careful management and sound oversight. Due to our mandatory membership policy, our community is properly sized so it can support our activities. We have largely been spared from the foreclosure crisis and have not needed to take in non-resident members.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017