938 Marlin Circle
About This Property
This quaint, old Florida home features 80 feet of water frontage, seawall and dock & long water view down a wide, protected, deep-water canal, a mere 1,000 feet from the Loxahatchee River and less than 2 miles from the Jupiter Inlet. Hang out on your covered, screened porch, nestled in your own tranquil botanical gardens.
The community has an optional HOA for only $75 per year that includes a boat ramp just around the corner for homeowners on Marlin and Dolphin (street directly across the canal). Home is conveniently located in the heart of Jupiter, only 10 minutes to I-95, 15 minutes to The Gardens Mall and 30 minutes to the International Airport and Downtown West Palm Beach.
Buy this charming, Old-Florida, waterfront home; Solid CBS construction, move-in ready, or remodel to create your Forever Home. Also a great investment opportunity. Either way, youve got to love this Boaters Dream Waterfront Tropical Paradise!
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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 Rio Vista
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017