Welcome to this large 3BR / 2BA single-story home located in Lake
Park, FL. Offering 1,916 square feet of finished living space in
the main home with an additional detached 432-square-foot cottage
with a finished 1/1 with kitchenette, creating an exceptional
opportunity for multigenerational living, guest house, or potential
income. Features include a new Shingle roof (2026) and newer Flat
roof (2022), a 3-year-old AC, and tankless water heaters in both
dwellings. Main home was updated in 2022 and cottage was
recently updated. Plenty of room for a pool or creating your own
private oasis, completely fenced with vinyl fencing and two
driveways for your guests or RV. Moments from the beach, Lake Park
Marina, North Palm Beach Country Club, dining and shopping.
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.
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