West Palm Beach
With sun-kissed beaches, ritzy shopping districts and Gold Coast wealth, West Palm Beach is a true vacationer's paradise. From the high end eateries and luxury storefronts of Worth Avenue, the Rodeo Drive of the east coast, to the low key Manhattan South lifestyle of downtown, West Palm Beach glows with all the natural beauty of a tropical utopia. For entertainment and social event lovers, the new $83-Million Palm Beach Convention Center anchors the city's burgeoning performance scene, and along with the Kravis Center and Harriet Himmel Gilman Theater, and hosts over 365 performances each season. Not to be outdone, the sidewalk cafes and 5-Star eateries of Clematis Avenue leave little to be desired for food lovers. So whether you want to relax at
the beach, window shop at CityPlace or enjoy a fresh air concert at Meyer Amphitheater, you'll find no better place to spend your days than West Palm Beach.
|
| PROJECTION |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
| Income |
|
|
|
|
|
| Rental Income |
15,300 |
15,836 |
16,390 |
16,963 |
17,557 |
| Property Mgmt Leaseback |
23,755 |
26,212 |
26,379 |
26,551 |
|
| Total Income |
39,055 |
44,296 |
47,545 |
51,127 |
28,346 |
| Expenses |
|
|
|
|
|
| HOA |
2,712 |
2,793 |
2,877 |
2,963 |
3,052 |
| Taxes |
3,531 |
3,531 |
3,531 |
3,531 |
3,531 |
| Vacancy Loss |
- |
792 |
819 |
848 |
878 |
| Property Mgmt |
- |
1,584 |
1,639 |
1,696 |
1,756 |
| Home Maintenance |
350 |
350 |
350 |
350 |
350 |
| Total Expenses |
6,593 |
9,050 |
9,217 |
9,389 |
9,567 |
| Interest Only Mtg 6.75% |
17,162 |
17,162 |
17,162 |
17,162 |
17,162 |
| Depreciation Benefit |
1,541 |
1,541 |
1,541 |
1,541 |
1,541 |
| Net Cash Income |
16,841 |
19,626 |
22,707 |
26,117 |
3,158 |
| Appreciation Estimate |
5,650 |
5,650 |
5,650 |
5,650 |
5,650 |
|
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
| Projected Net Income |
22,491 |
25,276 |
28,357 |
31,767 |
8,808 |
NOTE: THIS IS A PROJECTION AND NOT A PROMISE OR A GUARANTEE OF FUTURE PERFORMANCE
THESE FINANCIAL PROJECTIONS ARE ESTIMATES BASED ON INFORMATION PROVIDED BY THE DEVELOPER
THESE FIGURES ARE PROVIDED SOLELY FOR INFORMATION PURPOSES AND SHOULD NOT BE REGARDED AS A PROMISE, GUARANTEE OR ANY KIND OF ASSURANCE OF FUTURE PERFORMANCE.
WE DO NOT REPRESENT THESE FIGURES AS ACCURATE OR COMPLETE.
ALL INVESTORS ARE STRONGLY RECOMMENDED TO DO THEIR OWN DUE DILIGENCE .
INFORMATION AND INCENTIVES ARE SUBJECT TO CHANGE WITHOUT NOTICE.
REIN ALLIANCE DOES NOT ACCEPT RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS IN THIS ANALYSIS
AND FIGURES SHOULD NOT BE RELIED ON AS SUCH.
Clubhouse
RENT ROLL
Located in the Heart of West Palm Beach
Community
Features
- 25 Acres of Beautifully Landscaped Grounds
- Two Stocked Lakes
- Lighted Swimming and Wading Pools
- Poolside Cabanas
- Oversized Tanning and Entertaining Decks
- Lighted Tennis Courts
- State-of-the-Art Fitness Center
- Clubhouse/Business Center
- Volleyball Court
- Picnic and BBQ Area
Amenities (luxury pass):
- Olympic-size pools
- Racquetball and handball courts
- Jogging trails
- Bicycle paths
- Roller blade paths
Residence Features
Every townhome has:
- Private 476 sq. ft. courtyard
- Private bath and balcony for each bedroom
- Two designated parking spaces
- Full size washer and dryer
- Fully appointed kitchen and breakfast bar featuring:
- Stainless steel appliances
- European wood cabinets
- Granite countertops
- Designer lighting
- Tile floors
- Large, mirrored, custom-built closets
- Generous storage spaces
- Monitored alarm system (optional)
- Central vacuum system
- Designer ceiling fans
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