6048 Petunia Road
About This Property
HUGE OPEN KITCHEN WITH SEPERATE 6' ISLAND W/ SEATING, 42'' SHAKER WOOD CABINETS WITH QUARTZ COUNTERTOPS AND DESIGNER BACKSPLASH, AC, WATER HEATER, MASTER VANITY HAS 2 SINKS & BIG WIC, LED RECESSED LIGHTING IN KITCHEN & FAMILY ROOM, UPGRADED S/S APPLIANCES, DETAILED TRIM INCLUDING CROWN THROUGHOUT, BATHS HAVE MARBLE TOPS & PORCLEAIN TILE WITH GLASS MOSAICS, LIGHTING FIXTURES, CEILING FANS, W&D, TILED & COVERED SCREENED PATIO, ACCORDIAN SHUTTERS TOO!! FLORAL LAKES IS AN ADULT COMMUNITY WITH EXTENSIVE ACTIVITIES, BRAND NEW CLUBHOUSE, RESORT LIKE AMENITIES & ONSITE MGMT IN AN EXCELLENT DELRAY LOCATION. 2 PETS OK!! LOW HOA, 100% TURNKEY, NO WORK TO DO!
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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 Floral Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017