Welcome to this completely renovated 3 Bed, 2 bath, one car garage,
gated community, Single Family Home located in Hammocks at
Riverglen in Deerfield Beach. Offering 1645 square feet of
single family living, this well-designed home features open volume
ceilings and functional floor plan with comfortable living and
dining areas and the convenience of no stairs. This home has
many features including updated kitchen, bathrooms, flooring,
Hurricane Impact Windows and Doors, outdoor covered bar and
entertainment area, and low $100/month HOA. The Hammocks at
Riverglen is a gated community offering convenient access to
shopping, dining, major roadways, parks, schools, and everything
that Broward County and South Florida has to offer. No
Leasing for 18 months.
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.
Legal Description 1:
HAMMOCKS AT RIVERGLEN 159-29 B A POR PAR A DESCD AS:COMM NW COR SAID PAR A;E 952.20 TO POB; E 40,S 105,W 40,N 105 TO POB AKA: LOT 52 OF HAMMOCKS AT RIVERGLEN
Neighborhood
School District Name:
Broward County School District
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