8786 SE Riverfront Terrace
About This Property
Indulge in the outdoors with a large resurfaced Diamond Brite pool, Seminole built Tiki Hut and waterfront views. This home is equipped with all the essentials of a tropical paradise from the lush landscaping and fruit trees to the maintenance free Trex composite decking that lead you down the 40' dock to a 12,000 lb. boat lift. Bring your boat and start your journey to either the turquoise Atlantic Ocean waterways of Jupiter or an adventurous voyage through Jonathan's Dickinson State Park off the Loxahatchee River. Adjacent, included, fenced lot is a Tropical oasis of its own with Mango, Avocado, Banana, Navel Orange, Tangerine, Star Fruit, Royal Poinciana, Jacaranda, Bird of Paradise, and Royal, Coconut, Queen, and Sable Palms.
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.
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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