7848 Travelers Tree Drive is a bright and inviting two-story
residence located within the highly sought-after, gated community
of Boca Pointe. This 3-bedroom (3rd Bedroom is a loft),
2.5-bath home is filled with natural light, enhanced by impact
glass skylights throughout, allowing sunlight to flow effortlessly
into every corner of the home and HURRICANE SHUTTERS THROUGHOUT.
The layout feels open and airy, offering both comfort and
functionality for everyday living and entertaining. The
kitchen features updated appliances, while recent upgrades include
new flooring in the primary suite, custom built-out closets, and
thoughtfully maintained finishes throughout. The spacious
primary bedroom serves as a private retreat with ample storage and
abundant natural light. Outdoor living is a standout
feature, with a large screened-in patio and birdcage ideal for
year-round enjoyment. A recently serviced hot tub adds to the
relaxing backyard setting, creating a private space perfect for
unwinding or hosting guests. Boca Pointe is one of Boca
Raton's most desirable gated communities, known for its beautifully
landscaped grounds, lakes, walking paths, and 24-hour manned
security. Residents have the option to join the Club at Boca
Pointe, a resort-style clubhouse offering multiple membership
levels. Amenities include championship golf, tennis and pickleball,
fitness and wellness facilities, pool and spa, and dining and
social events, allowing homeowners the flexibility to choose a
lifestyle that best suits their needs. Conveniently located
near shopping, dining, major highways, and Boca Raton's beaches,
this home offers an exceptional combination of light-filled living,
privacy, and access to one of South Florida's most established
communities.
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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