BRAND NEW ROOF. Step into bright, open living where soaring
vaulted ceilings, abundant natural light, & an inviting open floor
plan create a home that feels spacious from the moment you walk
through the front door. Perfectly positioned on an oversized corner
lot in one of Delray Beach's premier gated communities, this
beautifully maintained residence blends comfort, style, & easy
Florida living. The updated kitchen features white shaker
cabinetry, quartz countertops, new stainless steel whirlpool
appliances and a timeless glass tile backsplash, opening to
generous living & dining spaces designed for everyday living and
effortless entertaining. Renovated bathrooms, modern finishes, and
a new 2024 A/C provide the perfect combination of style & peace of
mind. Accordion shutters throughout.
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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