512 Virginia Drive
About This Property
Split floorplan with master bedroom and bath in rear of the home with access to the huge rear covered patio.
Large paver driveway with carport & large storage closet. Fenced & spacious back yard with electric, fire pit and lush tropical landscaping for privacy and garden views. Perfect for entertaining and relaxing.
Just steps to the nearly 800 acres at John Prince Park surrounding Lake Osbourne. Miles of walking/biking trails. Kayak or Canoe, Lake Woof Dog Park, campgrounds and so much more! Just 2.5 miles to the Lake Worth Beach with more amenities than any other in Palm Beach County. Close to the Tri-Rail! High speed rail in downtown West Palm Beach will resume to Ft. Lauderdale, Miami and eventually Orlando in the coming months. 3 international airports within 1 hour's drive!
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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 Lake Shore Villas
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017