Palm Shores: Fabulous & rarely avail largest 3BR/2BA/2c gar single
family w/spectac lake view, hi-ceilings, & hurricane impact windows
in heart of Boynton Beach in popular active 55+ community.
Huge open gourmet rehabbed chef's kitch w XL eating area,
stainless appliances, tons of cabinets & counters, & entertainment
buffet that opens to LR w/extra seating area or perfect for baby
grand piano. Primary BR w/incred walk-in closet, double
windows, BA w/double sink & vanity w/great cabinets, shower, & sep
tub. Glass/screened Florida rm w/AC opens to patio.
Closets galore throughout. Amenities include clubhouse, pool,
sundeck, hot tub, tennis, pickleball, etc. Reasonable HOA fee & pet
friendly. Close to shopping, nightlife, & restaurants on the
Boynton Beach corridor on Congress.
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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