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14858 Jetty Lane
About This Property
The Master Bedroom is large, with a peaceful lake view and a door to the patio. The Master Bath has a large walk in shower with tiles all the way to the ceiling and a glass enclosure, and double vanity. Front bedroom has plantation shutters and the 2nd Bathroom has a step-down shower and glass door. The Den has a large double door entry. Accordion storm shutters on all windows for your wind mitigation discount. 2 car garage with epoxy floor. The home is a short walk to the newly renovated Clubhouse with resort style pool, wading pool, spa, cabanas, fitness center, aerobics studio and championship tennis center. Arts & Crafts room, Banquet room, billiards, catering kitchen.
Great location off of 441 with easy access to upscale shopping at Wellington Green (20 min drive), close to Publix and Joseph's Classic Food, Delray Market Place with many great restaurants and shops and a short drive to downtown Delray Beach. This is a 55+ community and at least one owner must be at least 55 years young.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017