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1442 Fulmar Drive
About This Property
Welcome to this 3-bedroom, 2-bathroom CBS home offering the perfect blend of comfort, convenience, and freedom-all just minutes from the heart of Delray Beach.
Step inside to discover an open and updated interior featuring engineered wood flooring throughout, vaulted ceilings and recessed lighting. The kitchen has been thoughtfully renovated with beautiful granite countertops, custom cabinetry, and updated appliances, offering both style and functionality. Both bathrooms have also been updated with modern finishes to match the home's fresh, contemporary feel. Enjoy the South Florida lifestyle in your private backyard oasis with a sparkling pool, impact windows, and well-maintained landscaping that adds privacy and curb appeal. Additional highlights include a one-car garage and a circular driveway with ample parking and a built-in generator hookup.
With no HOA, there are no rules or restrictionsgiving you the flexibility to live, rent, or invest as you choose. This home is centrally located, just five minutes from downtown Delray Beach, close to shopping, dining, and with quick access to major highways. This is a move-in ready opportunity in one of South Florida's most desirable locations. Schedule a showing today!
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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 Tropic Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017