855 Berkeley Street
About This Property
This 4/2, has a 2 car garage, a beautiful resort style heated pool with jacuzzi and lush landscaping throughout the entire property giving you total privacy.
Newer A/C with APCO whole home air purifier, pool heater and LED lighting. The open floor plan makes this home ideal for entertaining. Featuring a split floor plan, the primary bedroom overlooks the pool, bathroom features dual sinks as well as separate tub and shower. 3 additional bedrooms provides plenty of room for the family, visitors as well as working from home.
Close to everything Boca Raton/Delray Beach has to offer. Beaches, fine dining, and entertainment. Close to both FTL/WPB airports.
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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 Bel Marra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017