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5656 Oldsmobile Drive
About This Property
The country cottage kitchen has high lighted cabinetry that will appeal to the most discriminating buyer. The adjacent pool home has 2 bedrooms and a very large tastefully designed bath with 2 open area's to enjoy the expansive view of the oversized pool, lake and sprawling tropical landscape. Each house has full impact glass window and doors as well as two car garages. The entire property has accent lighting that brings it to life a night as well as the alluring appeal in the day time. 2 acres designed for that person wanting privacy but not wanting to have to go out west to find it. There is approximately one half acre left untouched with trees and fencing that abuts a neighboring horse farm. The only words to speak would be "unbelievable" how could anything so spectacular be so close but yet feel so far. Makes a "true rare find' the understatement of the century.
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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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About Palm Beach
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$2,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017