9937 Majorca Place
About This Property
* AC - replaced in 2020
* Roof - replaced in 2006
* Water Heater - replaced in 2008
* Storm Protection - Full set of panels except for front door
* Washer and Dryer are OLD and will be removed. Not included in sale.
* "A" rated schools: Whispering Pines Elementary, Eagles Landing Middle and Olympic Heights High School.
BOCA FONTANA is comprised of 306 homes, which includes the sub-divisions of The Patio Homes and Casa Sul Lago Townhomes.
* Association approval is NOT required for purchase.
* Rentals permitted immediately - no waiting period. Any homeowner wishing to rent their unit must first submit the names of all prospective tenants. (Age 18+) to Quality Management Co.
No lease shall be for a period of less than four (4) months, nor shall a homeowner be permitted to lease his home more than once per year.
* Pet friendly community - no size restriction. Multiple pets allowed.
* There are two clubhouses. The East Clubhouse is for families with children. Children under 12 must be supervised by an adult. The West Clubhouse is for adults over 18 only.
* Two community pools
* Tennis Courts
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2021 | Sold | ||
| Sold | |||
| Jan 27, 2021 | Listed by Keller Williams Realty Boca Raton | $425,000 | |
| Listed by Keller Williams Realty Boca Raton | |||
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About Boca Fontana
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017