Discover effortless waterfront living in this single-story
residence in Lighthouse Point's desirable Coral Key Villas
community. This tastefully designed modern home features three
spacious bedrooms, three full bathrooms, and a versatile bonus room
ideal for a den, home office, or fourth bedroom. Solid pine wood
floors add warmth and character throughout the interior. Enjoy
outdoor living from the covered patio and pool, with a new concrete
dock, boat lift, and ocean access for boating enthusiasts.
Additional features include a two-car garage and a convenient
location within walking distance of nearby parks, restaurants, and
shopping. This property offers an ideal combination of lifestyle,
convenience, and waterfront living in Lighthouse Point.
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.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
Flooring Type: Tile, Wood
Laundry Features: Inside, Main Level, Laundry Room
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