4950 Glenn Pine Lane
About This Property
The formal dining room boasts a gorgeous tray ceiling with intricate moldings, extra recessed lights, and a large arched window, setting the stage for memorable dining experiences.
Retreat to the spacious master suite, complete with a French door leading out to the patio and pool area. The master bathroom resembles a luxurious spa, featuring dual sinks, a large soaking tub, and a stunning shower adorned with custom tiles and dual shower heads.
Enjoy lush landscaping views from every window, creating a serene and picturesque ambiance. Step outside to the expansive screened pool and patio area, perfect for entertaining and offering ample privacy. Plus, with the added benefit of solar panels, your electrical bills average just $36 per month. The AC was just replaced in March 2024.
Located in the charming and pet-friendly boutique community of Cocoa Pine Estates, this home is ideally situated only 10 minutes away from the pristine Atlantic Ocean and the vibrant Delray Beach, renowned for its exceptional restaurants and shops.
Don't miss out on the opportunity to own this exquisite home in a prime location. Schedule your private viewing today and discover the epitome of luxury living.
The square footage of the Property has not been measured by Seller, Seller's agents, or Broker (including square footage of the lot and home), and the square footage and other information quoted on any marketing tools such as advertisements, brochures, MLS data, websites and any other information provided based on information supplied by Seller or Broker is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer shall not rely upon any such square footage and other information quoted on any marketing tools are not representations and/or warranties of Seller, Seller's agents, or Broker.
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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 Cocoa Pine Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017