Come see this home before someone else gets the opportunity to call
it their own! Welcome home to this delightful Florida ranch in the
55+ community of Leisureville, perfectly blending classic charm
with modern convenience in a peaceful Boynton Beach neighborhood.
Ideally located near the R1 Clubhouse and pool, this beautifully
updated Fairmont model offers comfortable living with an impressive
list of improvements. The kitchen features new cabinetry and
updated appliances, while beautiful SPC waterproof plank flooring
runs throughout the home, complemented by neutral carpeting in the
bedrooms. The roof was replaced in 2019, the A/C was replaced in
2021, and the electrical panel was replaced both inside and
outside. Abundant natural light fills the home, creating a
bright and welcoming atmosphere. The recreation lease has been paid
in full, providing added value and peace of mind. Leisureville
offers an active lifestyle with three clubhouses, three heated
pools, and a complimentary 18 hole Par 3 golf course. Shopping,
restaurants, and the beautiful Atlantic Ocean beaches are all just
minutes away. The seller will also consider selling the furniture
separately. With its convenient location, thoughtful updates, and
access to a variety of amenities, this home is ready for its next
owner to enjoy the best of Florida living.
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.
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