421 Crescent Circle
About This Property
In excess of 1/4 Acre, corner lot, lushly landscaped with irrigation on well water.
Lake Park is an incredible town A.K.A. "The Courtesy City of Florida", "The Jewel of the Palm Beaches", "The Miracle City of Florida". Centrally located to the best beaches, retail & mall shopping, PBIA (airport), Downtown West Palm Beach, Worth Avenue, Phil Foster Park, & Lake Park Marina w/ only minutes boat ride to access the Lake Worth Inlet & the Atlantic Ocean.
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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 Lake Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017