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9179 Redonda Drive
About This Property
With top notch amenities The Oaks of Boca Raton is an incredibly desirable unique country club style community minus the equity of other clubs. Includes beautiful clubhouse with resort pool, gourmet restaurant and bar open every day for lunch and dinner and special events, state of the art tennis facility with top-level pros, pickelball, programs for all ages and levels, incredible fitness program and facility with a variety of classes with quality instructors, a luxurious spa, kids and teens rooms with activities catered to them, top-level security system 24/7/365 - double guard gated, roving security and perimeter system w/ motion activated infra-red cameras, centrally located with A rated schools...there's no place like The Oaks!
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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.
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 Oaks at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017