41 Old Bridge Road
About This Property
This unique property offers privacy and seclusion with an in town location and boating access to 5 different freshwater lakes and over 80 miles of navigable waterways and NO HOA!! Plans are in place for a navigable lock which will offer ocean and intracoastal access (go to www.bluewatertrails.com).
The main house consists of 3 bedrooms 2.5 baths and 3 CG. Renovated kitchen with SS appliances and granite counter tops. Master bedroom is located on first floor and 2 bedrooms upstairs. Bathrooms have all been recently renovated with new fixtures. Guest house has 2 bedrooms 2 bath and full kitchen. 3 AC units only 3 years old. New W/D. Plank wood flooring and travertine tile throughout. The driveway, walkway, porch and patio are all also travertine tile.
Beautiful back yard located on the canal. Tropical foliage and landscaping offers shade and comfort. Large patio with summer kitchen and BBQ grill. Plenty of room for a pool. Large shed w AC unit and additional storage shed. Bring your boats, trailers and RVs.
This is a truly amazing property located in a tucked away Old Florida Style neighborhood and close to everything. Near Southern Blvd and Military Trail and less than 5 minutes to PBI airport.
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017