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802 SE Atlantic Drive
About This Property
It is located on a beautiful lushly landscaped lot. It is priced to sell. ( room measurements are not accurate)
Great for investors.
Conveniently located near the Eau Palm Beach Hotel. Great Shopping, restaurants and of course Fabulous beach. Places to enjoy locally include:
Lantana has the Gerald R. Ford park just west of the bridge on E. Ocean Avenue. Prior to the virus, movie nights were planned, along with fireworks on the 4th of July. There is also a Nature Preserve just east of the bridge.
Public Beach access is by the Eau Palm Resort
Public Tennis Courts, town of Lantana, are basically off of Federal, just south of E. Ocean Avenue.
Boat rentals are nearby along with docking privileges on the west side of the bridge along Dixie/Federal.
Plaza del Mar is the local shopping center. Publix along with John G's for breakfast, lunch; Thaikyo for lunch, dinner; Basil for dinner and the popular Ice Cream Club. Along with boutiques that include J. McLaughlin.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017