Do not miss this beautifully updated 4 bedroom, 3 bathroom single
family home situated on over 1 fenced acre of land in the gated
community of Thousand Pines in the heart of West Palm Beach.
This single level home offers 2,940 square feet of well-appointed
air conditioned living space and over 4200 square feet under roof.
The open layout and generous room count provide flexible options
for various household needs and family uses while the functional
design enables easy entertaining options both inside and outdoors.
A 2.5-car garage and abundant circular driveway space deliver ample
storage and parking convenience for everyone. The home features
full hurricane protection in the form of impact windows and doors
as well as an electric panel suited for a home generator or an RV.
The remodeled kitchen boasts quartz countertops, a farm sink,
stainless steel appliances, a decorative backsplash with countertop
sitting space for quick meals, an eat-in kitchen table space
overlooking the backyard screened patio and pool oasis, plus a
separate full-sized formal dining room for larger group
entertaining. The generously sized living and family rooms allow
multiple living and entertaining areas. The oversized primary suite
features a walk-in closet, while the upgraded en suite includes a
roomy sports shower, a soaking tub, and dual sinks. The split floor
plan includes 3 secondary bedrooms and 2 full bathrooms on the
opposite side of the home. Additional features and upgrades include
crown moldings, plantation shutters, updated ceiling fans and light
fixtures, hi hat lighting, 3 central AC units, a full-sized laundry
room with sink, attic storage with stairs and do not forget the
fenced 1 acre of total space. Furniture also negotiable. Homes in
Thousand Pines rarely come to market, and a home on a lot this size
east of SR7/441 is not often available. Don't miss it.
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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