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6741 Finamore Circle
About This Property
Thoughtfully designed, this home offers abundant storage with an oversized pantry, a spacious laundry room with a new washer and dryer, and a 3-car garage. The first floor includes a guest suite with a full bathroom and a den that can easily serve as a fifth bedroom. Upstairs, you'll find the primary suite, two additional bedrooms, and a large loft with a built-in desk- perfect for a gym area or workspace. The oversized primary suite is a true retreat, featuring two walk-in closets, dual vanities, two separate toilets, a soaking tub, and peaceful views of the pool and lake.
Additional highlights include two updated A/C units (2021 & 2022), accordion shutters throughout, a 15,000W generator, a full sprinkler system, a new washer, dryer, wine cooler and fresh interior paint. Journey's End offers resort-style amenities including a clubhouse, fitness center, lagoon-style pool, tennis, pickleball, basketball, playground, 24-hour security, and more. Conveniently located near top-rated schools, shopping, dining, I-95, the Turnpike, and just 20 minutes from the beach.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017