8807 40th Ter Terrace S
About This Property
Must sell IMMEDIATELY ONLY $34/MONTH, NO LAND LEASE, YOU OWN YOUR DEEDED LOT INCLUDED IN THIS PRICE. This spacious home is a gem, featuring a fantastic Florida room right at the front, tucked away on a peaceful street. Inside, there's plenty of room to spread out, along with loads of storage space. 2022 SHINGLES ROOF, VERY NEW. It's being sold unfurnished, giving you the chance to add your own personal flair and make it truly yours. Located in Boynton Beach, South Florida, it's super convenient for hitting the beach, shopping, and catching flights at the airport. And here's the kicker: In Parry Village, you'll own the land outright-no pesky land leases here! Plus, the monthly HOA fee is just $33.33, making this deal the steal of Palm Beach County.
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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 Parry Trailer Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017