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6146 Terra Rosa Circle
About This Property
This fabulous Orchid floor plan has volume ceilings in selected areas. Step inside through the wide foyer into the formal dining room and living room that leads you to the covered lanai pool area. Abundant windows and sliding doors that bring lots of natural light. The remodeled Chef's kitchen features wood cabinetry, exotic granite countertops, glass tile backsplash, spacious pantry and stainless-steel appliances and it opens to the family room which is ideal for the hub of all family activity. The spacious master suite with walk-in closet is on the ground floor, the master bathroom has dual sinks, soaking tub, and oversized shower.
The staircase leads you to the second floor of the home. There are three secondary bedrooms and a guest bathroom all with laminate wood-looking floor.
Enjoy your outdoor oasis morning breakfast or afternoon drinks in your extended covered lanai overlooking the relaxing private pool and quiet backyard fully fenced in with plenty room for a play set or for your dogs. For sure you will enjoy the fruity Hass avocado tree in your backyard.
Other significant improvements, impact glass windows and sliding doors were installed in 2018, as well as the roof replaced in 2015. The kitchen and appliances were updated in 2016, the first floor has neutral travertine flooring, all bedrooms have laminate wood looking floor, remodeled bathrooms in 2017, pool installed in 2016, travertine deck around the pool and fence installed in 2016, new water heater, freshly painted interior and exterior, popcorn ceilings removed.
The low HOA fee includes common areas, pool, playground, tennis court, streetlights, and sidewalks throughout. Cinnabar at Rainbow Lakes is a beautiful community. One of the few developments in Palm Beach Country that host "A" rated schools. Excellent location only minutes away from the beach, water sports, parks, and downtown Atlantic Avenue - a popular destination for both part time visitors and full-time residents to enjoy restaurants, bars, shops, and events! Easy access to major highways, airports, and everything else. A Must See!
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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.
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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 Tartan Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017