5509 River Cove
About This Property
This is a quality built CBS home offering 3 bedrooms, 2 A½ baths, 2 car garage and seamless metal roof. Gated entry to courtyard pool featuring Island theme inspired mural paintings. Enter into the open floor plan with views of the canopied backyard and Loxahatchee River. Relax to River breezes from the Northeast exposure or chose from one of two amazing Gazebos with gardens and river views. One of the gazebos is fully air conditioned with floor-to-ceiling windows, both with electric and tongue and groove vaulted ceilings. You will feel like youa€™ve escaped to your own tropical paradise when living in this riverfront home. Dozens of mature trees cover the landscape and produce plentiful amounts of avocados, mangoes and guavas every year. Retreat to the courtyard pool for a lazy afternoon or absorb the groundsa€™.
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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 Palm Beach
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$8,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017