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5775 Royal Lake Circle
About This Property
Royal Landings is the most sought-after community within Coral Lakes. The community is best known for its exclusive brand-new resort-style clubhouse with countless amenities including over 50 clubs to join, indoor & outdoor pool, theatre, full-service cafe, gym, pickle ball, har true tennis courts, multiple card rooms, pottery room, etc
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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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$6,000 /mo
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017