Welcome to this beautiful 5-bedroom, 4-bathroom home in the
desirable Olympia community. Featuring a private pool, fully fenced
backyard, 2-car garage, and a driveway with additional parking for
up to 3 vehicles, this home offers plenty of room for comfortable
living. Three bedrooms feature private en-suite bathrooms, and the
second floor and staircase have laminate flooring. Enjoy Olympia's
resort-style amenities, including a clubhouse, pool, tennis and
basketball courts, fitness center, and playground. Conveniently
located near highly rated schools, shopping, Whole Foods,
Wellington Regional Medical Center, Palm Beach International
Airport, and the beautiful Palm Beach area. A wonderful opportunity
to enjoy space, convenience, and the Wellington lifestyle!
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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