400 Venice Drive
About This Property
This home offers 4 bedroom, 3 bathroom and a 5th bonus room/den, under 2753 living sqft, boasting exquisite tropical landscaping, covered outdoor area with summer kitchen, new 75ft dock with boat lift, and a private beach.
Recently renovated, the home boasts a 2015 concrete tile roof, 2015 AC, full electrical upgrade, PGT impact glass throughout, and the perfect open layout with breathtaking waterfront views in each room. Upon entry, one is greeted with beautiful Silver Pearl Marble floors throughout the main living space, and a hardwood staircase leading upstairs to an additional entertainment area. The second story includes a guest bedroom, guest bathroom, sun-gathering skylight, and two balconies overlooking the lake and garden space. The Kitchen is thoughtfully positioned to flow seamlessly into the main living room while providing waterfront views from every angle. The spacious master bedroom boasts a renovated master bath, walk in closet and uninterrupted views of the water.
Do not miss this opportunity to buy your dream home in Boynton Beach!
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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 Venetian Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017