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423 Rudder Cay Way
About This Property
The outdoor space is an absolute dream, a large covered lanai and custom cabana/gazebo equipped with a summer kitchen and an ideal spot for lounging. The heated, screened-in pool has been upgraded with a new heater, pump, and screening, while shell rock pavers extend elegantly across the covered lanai and pool deck. Nestled in a quiet cul-de-sac with no neighboring home on the west side. Additional features include two brand-new AC units, new smoke detectors, updated quartz countertops, and a garage enhanced with epoxy flooring and built-in storage cabinets.
The community of Rialto is renowned for its luxury amenities, including a clubhouse with a state-of-the-art fitness center, a kids' splash park, a resort-style pool and jacuzzi, multiple playgrounds, basketball courts, two tennis courts, and scenic walking and jogging trails. The active social committee ensures a vibrant community atmosphere with events for all ages. Located within an A-rated school district and across from a scenic nature preserve, Rialto is just minutes from Jupiter's pristine beaches, upscale restaurants, and premier shopping. With convenient access to I-95 and the Florida Turnpike, Palm Beach International Airport is only a short drive away, making this home the perfect blend of luxury, convenience, and community living.
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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 Loxahatchee Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017