Wake up to water and golf course views that never get old. This
beautifully renovated home sits directly on the canal in Tuscany
Bay, with wide-open western exposure that frames the golf course by
day and delivers unforgettable sunsets every evening. Inside,
the kitchen has been fully renovated with new appliances and opens
seamlessly into the living area, creating one bright, connected
space that's ideal for everyday living and entertaining alike. The
second bedroom currently serves as a home office but converts back
to a full guest bedroom with ease. All windows and doors are
impact-rated, offering peace of mind along with energy efficiency
and noise reduction. Step outside to the large screened-in
porch, the true heart of the home, where you can relax, entertain,
and take in the canal Tuscany Bay is an active, guard-gated 55+
community of 395 villas and single-family homes in Boynton Beach,
ideally located near shopping, dining, and entertainment. The
tree-lined, master-planned neighborhood features canal fronts,
lakes, and landscaped grounds throughout. Residents enjoy a
recently refurbished clubhouse with a stage and theater-quality
sound and lighting, a heated pool and spa, six har-tru tennis
courts (three lighted), three pickleball courts, two bocce courts,
four shuffleboard courts, a putting green, and a community exercise
trail. An active social committee and numerous clubs keep the
calendar full year-round, all within a well-managed community known
for strong owner involvement and top-tier security.
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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