We have a turn-key off market deal in West Palm Beach, FL. The property is completely renovated and ready to rent, if you're looking to hedge your taxes with some end-of-year rentals, this is a perfect deal... It's a solid 6.5% Cap Rate in an appreciating South Florida market. 20% instant equity!

Features:

3BR / 2.5BA + screened-in Pool

1598 sqft

Fully renovated

HVAC - 2018 New Install

Roof +/- 15 years (+/- 7yrs left per inspection)

Vinyl Fence

2021 shutters

Great community, HOA $119/mo 

 Rent right away, 12 months! 6.5% Cap Rate

Inspection Report attached.

Additional photos contained within inspection report.

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SOLD COMPS:

 - 5891 Wild Lupine Ct, West Palm Beach, FL 33415 - 4/2.5 - 1,578 sf - Sold 10/28/22 @ $399,000 (No pool) ($253/sf) .12 mi

 - 1406 Red Apple Ln, West Palm Beach, FL 33415 - 3/2 - 1,453 sf - Sold 09/13/22 @ $390,000 (No pool) ($268/sf) .18 mi away

 - 6101 Azalea Cir, West Palm Beach, FL 33415 - 3/2.5 - 1,472 sf - Sold 08/31/22 @ $415,000 (No pool) ($281/sf) .2 mi away

- 5489 Berry Blossom Way E, West Palm Beach, FL 33415 - 3/2 -1636 sf - Sold 08/22 @ $440,000 (No pool) ($269/sf) .2 mi

CURRENT ACTIVE COMP: 

- 5728 Rambler Rose Way, West Palm Beach, FL 33415 - 3/2 - 1253 sf (Just listed - On same street, .09 mi away)

- Smaller by 343 sq ft

- No in-ground pool

- minus a half bath

Asking $429,800 ($343/sf)

Comps attached.

Avg: $268 PPSF or $428,000

Median Rent Estimate: $3000 (6% Cap Rate)

As per Rentometer.com (Rental Comps Link)

Click For Rental Comps