5350 Landon Circle
About This Property
The open floor plan features soaring ceilings, tile on the diagonal, crown molding and a split floor plan for privacy. Large great room has coffered ceiling & overlooks serence setting. The gourmet kitchen has 42' wood cabinets with pull outs, pantry, desk, granite counter tops & opens to the cafe area. Retreat to the spacious master suite with his and hers outfitted closets, luxurious bath with dual sinks & Roman Tub and beautiful laminate floors. The en suite guest room as a private bath and new flooring. The adjacent den is perfect for a home office The community has a newly renovated state of the art clubhouse with organized clubs, a ballroom for shows, 7 tennis courts with an on site pro, a fitness center, indoor and outdoor pools and much more to enjoy the leisurely Florida life style. Ideally located close trendy E. Atlantic Ave, fine shopping and restaurants, pristine beaches, Palm Beach airport, Kravis Center for the Performing Arts, this is a very special place to call home.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017