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474 Dover Road
About This Property
A recent kitchen upgrade included removing a few walls to open up the space. The kitchen was redesigned and features new cabinets, quartz countertops, and new lighting fixtures.
There is hardwood throughout the main living areas and new designer tile in the kitchen. The ceilings are smooth -- no popcorn!
The large covered patio (23x13) is screened and looks out to the sizable back yard with a few fruit trees.
The home is protected with accordion shutters on the windows and the AC was replaced in 2021. There are gutters and the attic is insulated.
Jupiter in The Pines in Tequesta is the place to be! Just a quick stroll or bike ride to all the local restaurant & shopping strips where you will also find the local coffee shop, wine bar, art gallery, ice cream shop, & more. Enjoy the outdoors -- biking along Riverside Drive. Drop your kayak in the Loxahatchee River, spend an afternoon or evening at Constitution Park where there is always a fun event happening. Dover Road is also in close proximity to Jupiter Island and Coral Cove Park.
Zoned for A-rated schools, close to I95 and Turnpike, Downtown Palm Beach, Palm Beach Island and PBIA are just a short drive south.
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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 Jupiter in the Pines
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017