4235 Old Boynton Road
About This Property
Features include a large paved circular driveway, two walk-in in spacious primary suite, and lots of sunlight. Resort style swimming pool enclosed by a large screen enclosure and a covered lanai with outdoor kitchen.
To the North of the property in the backyard is the old Cypress Creek golf course, and future development by Toll Brothers (lake behind property is in the master plan)
Split bedroom plan with the primary suite away from the living area, and three bedrooms on the opposite side of the home. Vaulted ceilings, AC from 2018, fence around property (not fenced in), and tremendous opportunity after some interior TLC/Finish work for a new homeowner.
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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 Cypress Creek
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017