If you're wanting a new construction home without the wait, this is
the perfect home for you! This is one of the largest models in the
community, featuring high ceilings, 5 total bedrooms, one of which
is on the first floor, and a loft/living space upstairs. The
primary suite features two large walk in closets and an upgraded
covered balcony with serene waterfront views. Nearly $60,000 in
builder-selected options include impact-glass windows and sliding
doors throughout, masonry foam insulation, upgraded tile roof,
accompanied by builder warranties for your piece of mind.
Additional interior upgrades include extensive recessed lighting,
kitchen cabinets to the ceiling and much more. Residents
enjoy access to the $22 million Adventure Park, featuring a
resort-style lagoon pool, tower waterslide, splash pad, adult lap
pool, playground, dog park, BMX pump park, basketball and bocce
courts, event lawn and concert pavilion. Westlake is one of
Palm Beach County's newest and fastest-growing cities, thoughtfully
planned with modern neighborhoods, city utilities, lakes,
landscaped open spaces, shopping, dining and everyday
conveniences-including Publix and Starbucks. Continued commercial
development and a new elementary school currently under
construction add to this growing city's appeal. Schedule your
private tour today.
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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