6065 Pine Drive
About This Property
Heated saltwater pool & spa enjoys privacy and fragrances from gardenia hedges and makes for a fabulous outdoor entertainment space. Retreat and relax in unique tree house Hut to savoring beautiful sunset views and cross breezes. 3.5-car garage with workspace. 1-car garage with is tiled and has AC. Impact windows and plantation shutters. Indoor/Outdoor sound speakers. Sprinkler system uses well water from lake. Automatic mosquito misting system helps to keep bug free. Rain Soft water system. Exterior security cameras and sensor lights. Property flourishes with 5 Mango, 3 Avocado, Star Fruit & Lychee Nut Trees. Planes, RV, and boats are welcome. 2 zone A/C 2009/2014. Roof 2005. No HOA.
Within short driving distances are beaches, park, dining & entertainment at Manalapan, City Place, Clematis Street and renowned shopping on Palm Beach Worth Ave, trendy Downtown Atlantic Ave in Delray Beach, casual & fine dining, entertainment & shopping in Boca Raton, International polo in Wellington and some of the best golf courses around the county. Easy access to I-95 and Palm Beach International Airport is only 15 minutes.
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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%.
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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 Lake Osborne Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017