8940 Boatswain Drive
About This Property
* "S" tile roof 2009
* New AC 2014
* Water Heater 2009
* Accordion Shutters
* VERY reasonable quarterly HOA of $1,100 includes basic cable, lawn/landscaping, alarm monitoring, house painting every 5 years (approx), pressure cleaning of roof + all the wonderful amenities that Palm Shores has to offer
* Capital contribution of $1,100 due from Buyer at closing.
* Pets OK. Up to 2 pets with maximum weight of 25lbs each.
* No leasing for first 2 years of ownership.
PALM SHORES AMENITIES:
Clubhouse
Exercise Room with cardiovascular & weight training equipment
Hobby & Game Room
Card Room
Arts & Crafts Studio
Ballroom with Stage
Multi-Purpose Room
Library
Continuing Education Center
Billiards
Table Tennis
Outdoor Resort Style Pool & Spa
Tennis courts and pickleball
4 Shuffleboard Courts
The Palm Shores community is comprised of two hundred & twenty-two one family homes and boasts three beautiful lakes with a one mile walking path. The Clubhouse features a multi-purpose "Palm Room" which includes a kitchen, stage & dance floor. There is also a fitness room and sauna, a library, ping-pong & billiard rooms. Outdoor amenities include a temperature controlled pool & hot tub, fire pit, BBQ grill, shuffleboard courts, pickle ball & tennis courts.
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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 Windward Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017