1030 Delray Lakes Drive
About This Property
Experience the charm of this rarely available 4-bedroom, 2-bathroom home in the highly desirable gated community of Delray Lakes. Nestled on an oversized lot in East Delray, this property is just minutes from Lake Ida, Downtown Delray, and the pristine beaches. The community is renowned for picturesque tree-lined sidewalks, creating a tranquil setting for morning walks or evening strolls.
This thoughtfully designed home features soaring ceilings, a well-planned split floor layout, and an oversized 4th bedroom, offering ample space and flexibility. Equipped with draw-tight window shutters and sliders, the home seamlessly blends style with added security. The expansive backyard provides plenty of space to create your dream outdoor oasis, with room to add a pool.
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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 Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017