Wonderful 3/2 ultra clean, spacious, great home, (1 of the largest
models) located on cul-de-sac lot and in great location, just north
of Delray Beach. (55+ community) Open, airy, split floor plan
with cozy family room/den, vaulted ceilings, large bedrooms, and
enclosed rear patio to private backyard entertainment. Accordion
style hurricane shutters throughout. Walk to pool, spa, clubhouse,
billiards, library, game rooms and active social community.
Conveniently located close to Delray and Boynton Beaches with
beaches, boating, shopping, restaurants, music, art, culture and
close to major thoroughfares for convenient travel to all fun parts
that Florida offers. Hurry - this one won't last!
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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