7726 Cherry Blossom Way
About This Property
The Grove is an active-adult 55+ community with 501 homes, situated in Boynton Beach, Florida, one of Palm Beach County's most desirable areas. The Grove is located approximately 7 miles west of the Atlantic Ocean, between the cities of West Palm Beach to the north, Delray Beach and Boca Raton to the south. With nearby access to all of Southeast Florida's wonderful attractions. The Grove Clubhouse features an Olympic-sized swimming pool, a sauna and a Jacuzzi, ballroom for parties and shows. State-of-the-art fitness center, Tennis, Pickleball and more! The Grove offers something for everyone!
Roof 2010. A/C 2018. W/H 2014.
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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 Indian Hills
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$6,000 /mo
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$5,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017