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14605 Candy Way
About This Property
The kitchen offers solid wood cabinetry, durable wood laminate countertops, a tiled backsplash, and an oversized dual sink with disposal. A convenient laundry closet is located within the kitchen, adding to the home's functional layout. The kitchen flows seamlessly into the living and dining areas, both generous in size and enhanced by updated trim, recessed lighting, and contemporary fixtures.
The primary bedroom features wood-look vinyl flooring, a spacious walk-in closet, and peaceful views of the lake. The primary bathroom includes a solid wood shaker-style vanity and a fully tiled shower-tub combination. The secondary bedroom also offers wood-look laminate flooring, a full walk-in closet, and sliding glass doors that lead to the private screened patio overlooking the water. The secondary bathroom is equally updated with a solid wood vanity and modern hardware.
The HOA covers lawn care and common area maintenance, making this a low-maintenance option for buyers seeking an easy lifestyle. Delray Villas 3 is a well-established 55+ community located just off Atlantic Avenue. You are minutes away from essential shopping, dining, and medical facilities, while the vibrant energy of Downtown Delray and award-winning beaches are just a short drive away. Community amenities include a pool and shuffleboard, providing the perfect balance of relaxation and activity.
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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%.
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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