Waterfront living in desirable Le Palais! This three-bedroom,
two-bath, single-story home offers approximately 2,217 square feet
of comfortable living space with a functional, open flow and a
two-car garage. The primary suite features a renovated
bathroom and updated closet. Additional improvements include a
newer washer and dryer and dishwasher, A/C (2019), hurricane-impact
windows (2019, excluding slider), water heater (2017), tile roof
(2010), back patio roof (2019), front screened patio (2019), and
gutters (2018). Enjoy peaceful water views from the covered
back patio, plus a screened front patio for added outdoor living
space. With generous room sizes, valuable updates, and a desirable
Boynton Beach location, this home and community showcase an
exceptional south Florida opportunity!
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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