Big Updates, Low HOA & Easy Florida Living in Saratoga! Welcome to
the beautiful Saratoga Lakes, where low HOA fees, a great Royal
Palm Beach location, and a long list of valuable improvements come
together in one very appealing home. This gorgeous single-story
residence offers three bedrooms, two bathrooms, 1,366 square feet
of living space with vaulted ceilings, and a two-car garage, but
the real story here is just how much has already been done. Now you
can customize this one story interior to make it your own, and get
into this gorgeous community at a low price! Let's start
with the expensive stuff. The roof was replaced in 2018, and that
same year the entire home was replumbed. The air conditioning
system has also been replaced over the past several years.
Add accordion hurricane shutters and wiring already in place
for a whole-house generator, and some of the biggest items on a
Florida homeowner's checklist have already been addressed.
The outdoor space is just as practical. The backyard is fully
fenced, the fence was installed in 2018, and all screens on the
front and rear patios were replaced that same year. Even better,
the sprinkler system runs on well water, so keeping the South
Florida lawn looking good does not mean watching your water bill
climb along with the grass. The home also features keypad
garage entry and an existing ten-camera security system. Saratoga
Lakes residents enjoy a beautifully remodeled community pool, while
the refreshingly low HOA fee includes basic cable and internet.
There is a lot to love about a home where the previous owners
have already tackled so many of the projects buyers would rather
not inherit. Combine that with single-story living, a two-car
garage, a fenced yard, hurricane protection, a low HOA, and a
fantastic Royal Palm Beach location, and this one deserves a spot
at the top of the list.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017