Spectacular spacious redone 3BR/2BA w/2car garage single family
home on lake. Formal LR opens to large family room which faces the
lake & outdoor area. Large formal DR is great for entertaining. The
home has a wonderful open flow with great natural light throughout.
All 3 bedrooms accommodate king size bed & lots of furniture. Key
features include real wood floors in primary & guest BR's, new
eat-in open gourmet chef's kitchen with top of the line stainless
appliances, tons of cabinets & counters, pantry, storage, extra
deep double stainless sink, skylight, & outdoor area for grilling;
huge new primary bath with porcelain tile walk-in shower with tile
inlay & bench, double sink & vanities; new guest bath with walk-in
shower, porcelain tile & inlay & shower cubby. Great patio.
Owners can rent out their home up to 2x per year for a
minimum of 180 days each time. There is no renting for the
first 2 years of ownership. A/C 9/2024, W/D 10/2024, hot
water heater 2019, roof about 2012. Hurricane shutters throughout.
Lots of custom built-ins & high ceilings. 2 car garage plus
driveway accommodates 4 cars. Palm Shores clubhouse boasts a
fantastic pool & sundeck, exercise center, tennis & pickleball,
billiard room, community/party room for events & meetings, clubs, &
onsite manager. Palm Shores is a popular 55+ community in the heart
of Boynton Beach. Palm Shores is a pet friendly community. HOA
includes cable, ADT security sys, landscaping, house painting, roof
power washing, common area.
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.
Spectacular spacious redone 3BR/2BA w/2car garage single family home on lake. Formal LR opens to large family room which faces the lake & outdoor area. Large formal DR is great for entertaining. The home has a wonderful open flow with great natural light throughout. All 3 bedrooms can accommodate a king size bed & lots of furniture. Key features include real wood floors in primary & guest BR's, new eat-in open gourmet chef's kitchen with top of the line stainless appliances, tons of cabinets & counters, pantry, storage, extra deep double stainless sink, skylight, & outdoor area for grilling; huge new primary bath with porcelain tile walk-in shower with tile inlay & bench, double sink & vanities, & make-up counter; new guest bath with walk-in shower, porcelain tile & inlay & shower cubby. New: A/C 9/2024, W/D 10/2024, hot water heater 2019, roof is about 11 years old. Hurricane shutters throughout. Lots of built-ins. Palm Shores clubhouse boasts a fantastic pool & sundeck, exercise center, tennis & pickleball, billiard room, community/party room for events & meetings, clubs, & onsite manager. Palm Shores is a popular 55+ community in the heart of Boynton Beach. Palm Shores is a pet friendly community. HOA includes cable, ADT security sys, landscaping, house painting, roof power washing, common area.
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