50 River Drive
About This Property
Water views are yours throughout the home, and the family amenities include a resort style pool, hot tubs, fire urns, and beautiful sunset views over the water.
If boating and water sports are your passions, this home offers deep water dockage for boats up to 70' with ocean access just a 1/2 mile trip to the Boynton Beach Inlet. It all adds up to the perfect getaway for a life of luxury living along the waters of the Intracoastal.
You may also enjoy taking your paddle board out to enjoy the early morning birds along the Intracoastal, or if you prefer the fast lane, jump into a kayak and enjoy the quiet journey at your own speed. Either way, you can always find something of interest and fun to do on the water just outside your door. For beach lovers, you'll have direct access to the warm sand and water located just across the street from your home.
In addition to living in the quiet, secure, upscale community of Ocean Ridge, other amenities include a 2+ car garage with a custom gym that includes monkey bars and rings for your private workouts. World class fine dining and shopping is available in nearby Boca Raton and along Worth Avenue in prestigious Palm Beach, and the Palm Beach International Airport is just a short drive from your luxury home.
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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 Mc Cormick Mile
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017