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9631 Highland Pointe Pass
About This Property
The home A/C system is equipped with a wave filtration system, high cabinets, extra storage, installed vinyl plank on every stair, under stairs storage and epoxy flooring in garage. Hurricane Impact windows and doors for that added peace of mind! This amazing, oversized waterfront lot has room for a private pool, or if you prefer, take advantage of the resort-style clubhouse adjacent to the property. Think about it, tennis, tot-lot, playground, picnic area, indoor sports court, state-of-the-art fitness center, event room, resort-style pool with sundeck and shaded cabanas, 24 hours staffed gated community. All this and more, walking distance from you back door!
Conveniently located close to Delray marketplace with movies, bowling lanes, dining. Minutes from the Turnpike, Boca Raton Mall, uptown Boca, downtown Delray, and the 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%.
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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017