9722 Richmond Circle
About This Property
Pride of ownership is evident in this true 4 bedroom 2 full remodeled baths with two car garage on a private canal lot. Split floor plan with laminate in the main areas. Newer metal roof and screening over covered lanai. LOW HOA of $68.33 a month. No HOA approval required. No rental or vehicle parking restrictions; RV's/Boats welcome! Sprinklers run off the canal. Newer garage door and opener. Roof 2004; A/C 2014; Electrical 2008. Community amenities include: Pickle ball, playground, basketball, tennis and a brand new Olympic size pool. A-rated schools. Great West Boca location close to restaurants and shopping. Walking distance to houses of worship. Public golf course available in walking distance.
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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.
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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 American Homes Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017