7783 Forestay Drive
About This Property
The indoors flows smoothly to the outdoors where you will be awed by the huge sparkling pool, set entirely within a large, screened pool deck. Get some sun by the pool or relax in the shade under the covered patio, but the view and the lot don't end at the pool. Beyond the pool deck, the lot widens with tropical landscaping framing one of the best lake views in Lake Charleston. At the end of the lot, you can tie up your navigable boat or take it out on the lake to relax.
Lake Charleston is one of the most sought after communities in the area as it has so much to offer coupled with extremely low HOA fees. The community has a full sized pool and a toddler pool, basketball and tennis courts, a soccer field, playgrounds, jogging and biking trails, and more! If you have children, they will have access to some of the best A rated schools in Palm Beach County! Call today to make an appointment as this home will not last!
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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 Lake Charleston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017