731 Ibis Way
About This Property
When it comes to this property, the OUTSIDE is just as important as the inside! Recently refinished patios both open & covered, attractive pool and spa with spillover water feature. Large, private lot with lush landscape and a commanding, shady banyan tree make the ideal backdrop for your next big party or just a lazy Saturday. Breeze isn't hard to come by on the waterfront. Sit or swing and watch the day slip away. Whether you plan to live here full time or part time, this house is on island time. This is Florida living.
Well concealed boat storage space on west side of property and a close drive to neighboring 20 acre Anchorage Park with countless amenities and boat ramp (annual permit required, nominal fee). No dock on property. Town of NPB Stated A Side Lift Is Permitted. Side Lift Must Be Attached To Seawall, Buyer Must Go Thru Standard Permitting and Approval Process. No Pilings In Water. Ibis Way is a quiet, cul-de-sac street, no thru traffic. Centrally located between Northlake Blvd & PGA Blvd, property is close to the beach, mall, restaurants and Palm Beach International Airport.
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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 North Palm Beach Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017