884 Mango Drive
About This Property
Great opportunity to own this inviting 3-bed, 2-bath home in West Palm Beach, FL! Beyond its listed square footage, the home feels spacious with three sizable bedrooms, and the master suite even offers access to a private outdoor area with a hot tub. The entire house has been updated for comfort and style incl bathrooms and kitchen. Additional features include a separate laundry/utility room, enclosed carport, and a versatile rear living space leading to a covered and screened wooden deck. The large yard, embraced by tall Clusia hedges for privacy, houses a one-year-old above-ground pool and is perfect for pets. The two nicely finished sheds in the rear have electrcity and plumbing add $2450 in additional income. Not to mention a new metal roof with solar panels not only enhances the home's appeal but significantly reduces electricity costs. Schedule a viewing today
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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 Mulholland
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,450 /mo
- Studio
- 2 Baths
- 2,400 ft²
$2,500 /mo
- 2 Beds
- 2 Baths
- 1,005 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017