9456 Lantern Bay Circle
About This Property
Beautiful 42'' kitchen cabinets with undermount lighting, granite countertops, an island and newer SS appliances. Master bedroom suite has views of the lake with walk in closets, master bath has dual sinks with roman tub and separate shower. Home has 2 1/2 baths with one full bath shared as a Jack and Jill bath. Great office in the front of the home off the foyer with plenty of space. The patio and screen have been extended with a ''picture frame'' screen so you can have an unobstructed view if the lake. This community has resort style amenities. From the state of the art clubhouse with 3 heated pools including a resistance pool, tennis courts, gym, ballroom, media room & library. Many activities going on all day including Pickle Ball. Plenty of things to do from the shows to the parties. Easy access to the Florida Turnpike, Minutes to downtown West Palm Beach and the Kravis Center.
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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 Baywinds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017