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 |
13,200 |
13,662 |
14,140 |
14,635 |
15,147 |
|
|
3.50% |
3.50% |
3.50% |
3.50% |
| Property Mgmt Leaseback |
23,125 |
23,125 |
23,125 |
23,125 |
|
| Interest On Income |
1,388 |
1,319 |
2,564 |
3,904 |
5,345 |
| Interest Rate |
6% |
6% |
6% |
6% |
6% |
| Total Income |
37,713 |
38,106 |
39,829 |
41,664 |
20,492 |
|
|
|
|
|
|
| Expenses |
|
|
|
|
|
| HOA |
2,076 |
2,138 |
2,202 |
2,269 |
2,337 |
| Taxes |
2,500 |
4,000 |
4,000 |
4,000 |
4,000 |
| Vacancy Loss |
660 |
683 |
707 |
732 |
757 |
| Property Mgmt |
1,320 |
1,366 |
1,414 |
1,464 |
1,515 |
| Home Maintenance |
350 |
350 |
350 |
350 |
350 |
| Total Expenses |
6,906 |
8,538 |
8,673 |
8,814 |
8,959 |
|
|
|
|
|
|
| Net Operating Income |
30,807 |
29,568 |
31,155 |
32,850 |
11,534 |
| Cap Rate |
12.3% |
11.8% |
12.5% |
13.1% |
4.6% |
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.
  
RENT ROLL
Located in the Heart of West Palm Beach
Community
Upgrades
New 50 Year Architectural Shingle Roof
New State of the Art Fitness Center
New Pool Deck
New Pool Furniture
Lush Tropical Landscaping throughout
Decorative Tile
Resurfaced Racquetball Courts
Elegant Signage
Newly sealed and painted exteriors
Interior Features
All plans feature solariums
Washer / Dryer connections
Gourmet kitchen with open serving space
Pantry
Ceiling Fans
Vaulted ceilings on select units
Features
Fitness and Racquet Club
High Tech Gym
Quality Resistance Training Machines
Racquetball, Tennis, Volleyball
Heated Spa
Lakeside Pool, Tanning Deck, Entertainment Clubhouse
- Elegant Gated Entrance
- Spectacular Lake Views
- Barbecue areas, Jogging trails
- Car Wash pavillion
- Assigned Parking
-
- Residence Features
Every condo 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
|
