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620 Lytle Street
About This Property
Kitchen adorned with rich granite countertops and Mexican tile flooring, exuding warmth and flair. Hardwood floors grace the dining room and bedrooms, enhancing the home's natural beauty, Custom tilework in the bathroom adds artistic appeal. Cozy fireplace creates an inviting centerpiece. Outdoor Oasis: Surrounded by lush tropical landscaping, a Tiki Hut, and the property offers privacy and plenty of space to relax or entertain. A large driveway accommodates multiple vehicles with ease.
Detached Garage & Private Guest Cottage: A versatile addition, the guest cottage includes 1 bedroom, 1 bathroom, and its own kitchen perfect for hosting visitors or exploring rental opportunities. The detached garage adds extra storage and parking flexibility. Unbeatable Location: Enjoy nearby gems like the Palm Beach Zoo, Cox Science Center, Dreher Park, and the beach just a short drive away. Quick access to Route 1, local shopping, dining, and cultural hotspots makes everyday living a breeze. This one-of-a-kind property radiates charm from every corner come experience why 620 Lytle Street is truly unforgettable.
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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 Forest Ridge Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017