121 Macfarlane Drive
About This Property
* All Impact exterior windows and doors.
* No HOA/COA/Assc. fees, dues or restrictions!
* Quartz counters in kitchen, renovated 1.5 yrs ago, Stainless Steel appliances, Frigidaire Gallery induction cooktop, Shaw Fireclay undercounter sink, tile backsplash with Mackenzie Child accent tiles, Shaker cabinets.
* Bathroom vanity new and shower/tub combo refinished.
* A/C compressor 3 yrs old (Ruud), A/C handler serviced by Island Air, Ducts were replaced to new 3 yrs ago.
* Old Federal Pacific circuit breaker.
* Hot water heater 5 yrs old.
* Maytag stackable washer and dryer.
* Outdoor Pergola (may grow Ivy or grapes on etc...).
* Crown moldings
* Extra storage closet
* Seagate Yacht Club and Marina (open to public) across the street from Villa with 44 slips available for rent on a daily, weekly, monthly or annual basis. May join Seagate and get access to Beach Club, Golf & Country Club, Marina & Yacht club and Hotel Spa and amenities.
* MAY be rented seasonally by new owners for @
$6,500 - $7,500 mo.
* MAY be rented by new owners on an annual
basis for @ $5,000 + per mo.
* MAY be rented as an Air B&B (must check with city for
local restrictions and regulations)
* Open floor plan, can add on an addition to back
* Room for a pool, hot tub and fire pit area! or an enclosed wall-in in front patio, deck or terrace
* Two patios: 1 brick in front & wood deck in rear.
* Parquet wood floors, tile and carpet (Terrazzo beneath carpet)
* 1.5 blocks to Atlantic Avenue
* 2 blocks to the beach
* Plenty of cabinets and storage space
* Stackable Maytag washer and dryer.
* Open concept Back yard
* 2 car brick driveway
* Property may be fully renovated.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2020 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Listed by Lang Realty/Delray Beach | $679,000 | |
| Listed by Lang Realty/Delray Beach | |||
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017