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14535 Candy Way
About This Property
One of the standout features of this property is the enclosed back patio. This versatile space can serve as a home office, workout area, or simply a tranquil spot to unwind. From this vantage point, you can savor breathtaking views of the serene lake, creating a picturesque backdrop for relaxation.
Delray Villas itself is a vibrant community known for its friendly atmosphere and convenient location. Enjoy the amenities and activities the community has to offer, or take a short drive to explore the vibrant dining, shopping, and cultural experiences that Delray Beach has to offer.
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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 Delray Villas South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017