58 River Drive
About This Property
Ocean Ridge is an exclusive waterfront community nestled between Boca Raton and Palm Beach. Minutes from world class Atlantic and Worth Avenues, and just a short drive away from Palm Beach Island, this desirable neighborhood offers unmatched privacy and access to the best that South Florida has to offer.
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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 Mc Cormick Mile
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$10,000 /mo
- 2 Beds
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$5,500 /mo
- 2 Beds
- 2 Baths
- 1,030 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017