1009 Island Drive
About This Property
On the second floor, the exquisite master suite provides expansive views of the Intracoastal from the private covered porch, a large living room, two additional bedroom suites, and a laundry room. Built for the most discerning buyer, attention to detail is apparent with custom finishes and extensive millwork throughout. Walnut hardwood floors, designer tile and stone counters, Dominican coral pool deck and loggia, recessed sliding doors, custom cabinetry, whole house generator, 80' concrete dock with facilities, and structural upgrades throughout make this an exceptional home.
The architectural design and spectacular views have to be seen to be appreciated. This brand new residence is a treasure...perfectly positioned for peace, privacy and an easy, relaxing lifestyle in Delray Beach's most sought after neighborhood.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Delray Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017