6919 Royal Orchid Circle
About This Property
This beautiful courtyard estate is nestled in a private cul-de-sac with tall royal palms and boasts over 4,100 square feet of elegance with impressive double glass and iron front doors with Corinthian pillars. The double height formal living room with crown molding and oversized glass sliders overlook the private backyard with a large grassy area. A formal dining room and kitchen boast beautiful wood cabinetry, built in desk area, granite counters and breakfast bar, natural gas cooktop and updated appliances. A breakfast room area opens to the family room and spacious first floor master bedroom suite with sitting area, large separate his and hers dressing rooms with built-ins, master bath with his and hers vanities, glass shower and separate tub. There are four additional bedrooms, and a total of four and a half baths. As well as a study/den, upstairs loft. The separate guest house with private entrance has a bedroom and full bath perfect for live-in nanny or visiting family. Additional upgrades include the heated pool and waterfall spa viewed from nearly every room of the home.
The community is centrally located and zoned for A-rated Boca Raton schools and just minutes from Boca Raton Town Center Mall and restaurants.
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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 North Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017