901 Hibiscus Lane
About This Property
The master wing is privately situated on the first level, boasting a wall of glass doors which perfectly frame the geometric pool. A duet of walk-in closets, gleaming white-on-white bathroom with freestanding tub, frameless glass shower, floating vanities and decadent outdoor garden shower round out this magnificent master suite. Upstairs, three bedrooms with ensuite baths and an open loft/flex space await.
This contemporary residence integrates impact glass across all openings and an array of smart-home features into the climate-control, audio/visual and Lutron lighting systems.
The modern pool with spa beckon to be enjoyed by day or evening, when the custom-designed landscape lighting highlights the lush tropical foliage across entire backyard.
Situated in the heart of Lake Ida, this stunning custom home is just several blocks from vibrant Atlantic Avenue and the golden-sand beach.
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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%.
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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.
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 Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017