5801 NW 3rd Terrace
About This Property
This home is situated on a huge, quarter acre private lot in East Boca Raton. Features include open living space with high vaulted ceilings, tile floors throughout living areas, beautiful updated bathrooms and kitchen, hurricane impact windows and accordion shutters, gigantic 2 car garage, large screened in patio. A community pool down the block. Plenty of room for a private pool if desired. This property is located less than 2 miles from the beach!! Highly sought after Boca Raton school district! SELLER MOTIVATED
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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 Teeca
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017