8241 Palm Gate Drive
About This Property
All new SS appliances in Kitchen & new washer. Separate laundry room with storage area. Master bath with Roman tub, separate shower & 2 sinks. Guest half bath is downstairs by Kitchen & Family room. Large real roof patio can be accessed from both the Family room and Master bedroom. Patio is screened and has 2 ceiling fans (10 x 25). Yard is fenced in and private. Lot is located in the Cul de Sac and has fruit trees, Lime; Mango & Avocado yard is fenced. Custom window treatments through the home along with an alarm system. All windows have accordion shutters and electric panel and AC have been replaced. Desert Palm Model home in great neighborhood of 61 homes. Community is centrally located close to everything. Gated with community pool & tennis, sidewalks on both sides of street for your evening walk. Low HOA fee which includes all lawn care, basic cable, gate, pool & tennis. All ages community. The New Franklin Academy is very close by for another school option.
Call for more details or for a private viewing.
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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%.
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017