Beautifully upgraded villa in Villaggio Reserve in Delray Beach,
featuring 3 bedrooms, 2 full bathrooms and a 1-car garage.
Features include porcelain floors, custom built-ins, an elegant
white kitchen with stainless steel appliances and a large island.
The primary suite offers two closets and a spacious bathroom with
dual sinks, a large soaking tub, and a glass-enclosed shower.
Additional highlights include a walk-in laundry room, screened-in
patio, private backyard with no rear neighbors, and a paver
driveway with additional parking. Villaggio Reserve offers a
beautiful clubhouse and resort-style pool area, along with tennis,
pickleball, bocce, fitness classes, entertainment and shows,
on-site massage and physical therapy, a cafe, resident clubs,
parties, and community events. One of the best floor plans in one
of the best communities in South Florida. This is a special
opportunity for you to enjoy the true Delray Beach / South Florida
lifestyle.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017