4164 Bocaire Boulevard
About This Property
Bocaire Country Club was just nominated as one of the top three country clubs in Palm Beach County. The luxurious enclave spreads over 300 acres and has only 238 custom homes. The 18 hole champion golf course was redesigned and completed in 2019 by the renowned Kipp Schulties and includes a short game practice area. The course has no tee times and allows for free use by direct family members. The clubhouse includes a state of the art gym, sauna and massage room, club rooms, a business center, a golf pro shop, and a delicious restaurant overlooking the course. Additional amenities include 5 Har-Tru tennis courts, a basketball court, and a playground. The resort style, zero-entry pool includes lap lanes, a hot tub, cabanas, and a food shack for casual poolside bites. The club's social calendar is filled with events from poker nights to holiday parties complete with bounce houses and carnival rides.
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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.
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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 Bocaire Golf Club
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$7,900 /mo
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$10,000 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017