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5343 Grande Palm Circle
About This Property
The modern bright kitchen boasts a 14 foot waterfall island, All Brand new Monogram Appliances including a built-in 48'' side by side refrigerator, 30'' French door convection wall oven, fully integrated dishwasher, drawer
microwave with electronic touch control, 36'' Induction cook top and a wine cooler with dynamic cooling technology In the great room you'll find a built-in 100-inch Linear Electric Fireplace, wall mounted 83 Inch OLED 4K UHD Smart TV with sound bar, invisible in-wall subwoofer system and in-ceiling speakers, while the bedrooms feature custom European cabinetry thoughtfully tailored to maximizing open space and storage. The master His/Her bathroom is simply breathtaking with highlights including custom floating vanities with 3" porcelain countertops, Toto One-Piece toilets, a large walk-in glass shower enclosure with Calacatta Vena Oro Porcelain slab shower walls, niche lighting and infinity drains; A Calacatta Gold Porcelain Wall Jacuzzi Bathtub with Chromatherapy, heater and wall mounted faucet with cascade function ; Make up vanity with back lit mirror with adjustable color temperature and lighted magnifying mirror tops it off. The list of features goes
on. Truly a must see to believe!!
Interior and exterior have both been freshly painted and sealed. New roof has been contracted with estimated completion date of May/June. Brand New 3.5 ton HVAC System with Linear Ceiling Slots and all new air ducts. (1 year labor, 10 year parts warranty included.) New tankless water heater and All new electrical wiring throughout the home including new 225 amp electrical panel.
New west facing impact resistant windows and new ADT security system, along with exterior Google Nest Security cameras and Google Nest video doorbell. This property is top of the line and move in Ready!
Centrally located between WPB and FLL Airports Palm Beach Bath and Tennis is mere minutes to Downtown Delray Beach. An all ages, Pet Friendly community with a Low HOA fee which includes Landscaping, Monitored Security System, Cable, Pool, Clubhouse and Tennis court maintenance.
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What does this mean?
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.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Tropical Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017