Factor in cap rate analysis, financing, common charges
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Amenities
Neighborhood
$425,000
●
Condo -
Off Market
West Palm Beach, FL
3 Beds
3 Baths,
1
Half Bath
1,941 Ft²
$3,562
Est. Monthly
$850
HOA / Fees
About This Property
Gated waterfront townhome end-unit. 2 story w/soaring ceilings &
lakeside patio w/water view, 2 car garage and impact windows.
Olympic size pool, 24/7 full gym & resort-style clubhouse. 5
minutes from downtown West Palm and under 5 miles to beautiful
ocean beaches. Fontana model features 2-car garage, 3 bedrooms, 2.5
bathrooms, 10-foot ceilings, 2nd floor loft, laundry room &
generously sized bedrooms. Nearby guest parking. Monthly HOA fee:
Cable TV, internet, water, trash, gym, pool, aerobics room,
landscaping & guard gate entry. Pet friendly community.
Unit Size
1,941 Ft²
Days on Market
43 days
Land Size
-
Price per sqft
$221
Property Type
Condo
Property Taxes
$605
HOA Dues
$850
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Community Features: Clubhouse, Fitness, Other, Park, Property Manager On Site, Sidewalks, Trails Paths, Pool
Security Features: Gated With Guard
Subdivision: Other
Subdivision Name: Other
Directions: I-95 Exit, Palm Beach Lakes Blvd. East to N Congress Ave. South on N Congress to City Side Dr.
Other Details
Listing Terms: Cash, NewLoan
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