2449 Chesapeake Circle
About This Property
On the other side of the house, just off the living room, is the office with built-in cabinets. Also on the south side are 2 en-suite bedrooms both have walk-in closets. The large laundry room is equipped with newer Samsung steam washer and dryer with drawers below. There are many cabinets and lots of counter space and a laundry sink. A great extra is a large block of window so there is plenty of light to work with! Another plus to this beautiful home is the 3 car garage with plenty of room for cars and stuff! The driveway features an island with with palms which gives you a double driveway for extra parking.
The Villages of Palm Beach Lakes Property Owners Association is a vibrant community in West Palm Beach's heart. Spanning 1422 acres, it features 36 sub-associations and a range of amenities. The community maintains the medians throughout the Villages and Perini, Shiloh, and Saratoga Parks, offering 3 salt-generated swimming pools, a jogging trail, picnic areas, tables, charcoal grills and the "Village Paws Dog Park" on Saratoga Road. This unique West Palm resort lifestyle could be yours at Bear Lakes Estates. In this NON MANDATORY GOLF MEMBERSHIP COMMUNITY, many homeowners are Golf or Social members at Bear Lakes Country Club.
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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%.
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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.
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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.
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About Villages of Palm Beach Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017