5653 Forest Oaks Terrace
About This Property
bathrooms remodeled
* laminate wood floors in both bedrooms
*solar tubes in living room to bring in daylight
*granite countertops in kitchen
* dishwasher, microwave, and refrigerator all new
* refaced kitchen cabinets
* washer/dryer new
* cabinets added to laundry room
* new air conditioner
* LED lights throughout the house
* all flat doors in house replaced with 6 paneled doors
* hurricane approved front door
* hurricane shutters on all windws
* tinted glass door on lanai
* garage remodeled/painted/acrylic floor and cabinets
* paver walkway from driveway to front door
* concrete patio added in back of house
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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 Boca Delray
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017