8584 SE North Passage Way
About This Property
waterfront playground out back. Split floor plan features 3 spacious bedrooms, including a master
suite with a separate sitting area, and a bonus room that serves as a perfect in-home office with
tons of natural light. The central area of this home is open w/high ceilings in the kitchen, gorgeous
granite counters, newer appliances, and wood cabinets that really bring together the heart of this
home. True entertainers will love the wet bar attached to the living room overlooking the
waterway. Pavers out back surround the private heated pool & spa system in this tropical oasis!
Additionally, stepping down from the backyard/deck area, the dock has a 10,000 lb. boat lift and 137 feet of waterfrontage leading to the Loxahatchee River. This gated community, adjacent to Jonathan Dickinson State Park offers a community pool, tennis courts, basketball courts, playground, fitness center, golf and is central to local favorite's restaurants, shopping, golf, marinas, beaches, and the Jupiter Inlet. Riverbend Golf Course is a private golf course located within the community and is available if desired.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017