Designer ready for the next owner's renovation! All flooring and
appliances removed for easy installations of your choice. Existing
and "after upgrades" photos are included to demonstrate the jewel
that is possible for this top floor unit with its high vaulted
ceilings that provide a more spacious feel to the condo. It's nice
living at Villa del Sol, a resort style gated community
conveniently located near Delray Beach's thriving downtown,
Boynton's waterfront marina, fishing and dining options and less
than a mile to the beach! It's an easy drive to the highway,
schools, major stores and airports. The community boasts many
amenities: a gorgeous community pool, spa, outdoor grill,
clubhouse, business center, manager on site, fitness center,
racquet/basketball court, volleyball & billiards. An investor's
dream: able to rent right away with no waiting period. Can rent two
times per year with a min lease period of 90 days. Best value in
the complex.
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.
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