Exquisitely updated & meticulously maintained, this bright, open
home is filled with natural light & features two bedrooms plus a
convertible den & two full baths, an attached two-car garage, & a
large screened lanai with golf course view offering breathtaking
sunrises & sunsets. The home was recently & completely
updated with architectural finishes, wood cabinetry & quartz
counters, kitchen appliances, washer & dryer, beautiful flooring
throughout, lighting & fans, fixtures, plantation shutters & solar
shades, & a new a/c (2025). Gorgeous & move-in ready!
Boca Pointe is gated, beautifully maintained & in a prime
central location. Close to offices, shopping, restaurants,
recreation venues, houses of worship, & the beach.
Maintenance includes 24-hour manned gates, security patrol,
alarm monitoring service, Hotwire cable and internet, lawn and
landscape maintenance (front and back), and common area
maintenance. The community paints the exterior of the homes about
every seven years.
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.
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