605 Oak Harbour Drive
About This Property
Spacious abundant natural light and coquina accents, this home has steel, reinforced concrete walls, bamboo and travertine flooring throughout. Main house features private upstairs oversized master with vaulted ceilings, sitting area/office, dual walk in closets, BA & covered screened balcony. Second BR on first floor with BA. A private separate guest house with 1BR (Queen Murphy bed) 1 BA + Den + kitchenette; perfect for guests, in- laws, college students, etc.
Other home features include all new: roof, solar panels, icynene insulation in the attic, and impact windows. There are also three new HVAC units, pool motors, spa heater and hot water heaters. The oversized garage has abundant cabinets and open shelving, separate laundry room, plus attic with pull down ladder.
Oak Harbour is a 24-hour manned gated community, offering a clubhouse with outside deck overlooking the marina and intracoastal, billiards, exercise room, two pools, tennis/pickle ball courts. This home has a premier location between PGA Blvd and Donald Ross Rd, with an array of dining and shopping options. Close to I-95, turnpike, 20 min. to PBI airport and Brightline station. Both Juno and Jupiter beaches minutes away; front and center location to enjoy the annual Holiday Boat Parade.
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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 Oak Harbour
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017