Welcome to 742 Cresta Circle, located in the desirable gated
community of Terracina in West Palm Beach. This immaculate home is
truly a "must see" offering over 3,800 square feet of living space,
this spacious home features 6 bedrooms, 5.5 bathrooms, and a
desirable 3-car split garage, making it one of the largest floor
plans in the community. Designed with flexibility in mind the
home includes a first-floor bedroom with a full bath, ideal for
guests, extended family, or a home office, while five additional
bedrooms are privately situated upstairs. The expansive floor plan
offers formal living and dining rooms, a spacious family room, and
an oversized kitchen that serves as the heart of the home.
Step outside to a private backyard with mature fruit trees
and enjoy the oversized second-story balcony, offering plenty
of room for outdoor seating and year-round Florida living.
Thoughtful upgrades include 2023 and 2024 A/C systems, a
whole-house generator, new washing machine and dryer, stainless
steel appliances, granite countertops, new garage door openers, new
disposal, and accordion hurricane shutters, providing added
protection, and peace of mind. Located just steps from
Terracina's clubhouse, community pool, fitness center, tennis
courts, basketball courts, and playground, this home also offers
easy access to Palm Beach International Airport, Florida's
Turnpike, I-95, shopping, dining, and top-rated schools. With its
generous layout, valuable upgrades, and excellent location, this
home offers an exceptional 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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