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7382 Carmela Way
About This Property
2 CUSTOM FITTED WALK IN CLOSETS-UPGRADED DESIGNER CARPETING IN ALL BEDROOMS. -MASTER BATH HAS ROMAN TUB, 2 VANITIES AND SINKS, GLASS BLOCK SHOWER STALL. STORM RESISTANT AND LIGHT FILTERING FILM ON ALL WINDOW -CENTRAL VACUUM- SPEND YOUR AFTERNOONS IN THE SOUTHERN EXPOSURE BACKYARD IN THE SCREENED IN LANAI WITH CEILING FAN OR EXTENDED PATIO.
VALENCIA PALMS IS THE MOST SOUGHT AFTER ACTIVE ADULT COMMUNITY. VALENCIA PALMS WILL REVEAL THE MULTI MILLION DOLLAR RENOVATION OF CLUBHOUSE IN NOVEMBER. AMENITIES INCLUDE EXTREMELY ACTIVE TENNIS COMMUNITY, RESORT POOLS, BOCCE, PICKLE BALL, BILLIARDS, WONDERFUL CAFE, SHOWS, CARD ROOMS, SOCIAL EVENTS. GL HOMES IS THE PREMIER BUILDER OF ACTIVE ADULT COMMUNITIES IN SOUTH FLORIDA.
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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