8764 SE North Passage Way
About This Property
North Passage is a hidden gem uniquely nestled between the Loxahatchee waterway and the remarkable Tom Fazio's designed Riverbend Golf course. North Passage is a desirable Community bordering state park with abundance of wild life, gym, club house, community pool, and tennis courts, 24 hour guard gate with low HOA fees. Option Golf memberships available. North Passage Yacht Club offers monthly meetings, raft up dinners on the river, and group trips to the Bahamas. Centrally located and only 30 minutes to Palm Beach International. Broker info deemed reliable and subject to errors & omissions and changes without notice. All measurements approx.
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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.
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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