15707 Philodendron Circle
About This Property
All patio furniture is for sale for $1500 including grill, front n back patio furniture and gorgeous shade umbrella and storage shed.
LAS VERDES IS A BEAUTIFULLY MAINTAINED GATED COMMUNITY IN THE HEART OF DELRAY BEACH. THERE ARE 3 POOLS, TENNIS, BOCCE & PICKLEBALL COURTS, JACUZZIS, SHUFFLEBOARD AND WALKING/JOG AREAS. TAKE A LEISURELY STROLL AROUND THE PEACEFUL, SERENE COMMUNITY LAKE. NEW EXERCISE ROOM IN 2021 IS 4 TIMES BIGGER WITH ALL NEW EQUIPMENT. ITS ACTIVE CLUBHOUSE HOSTS A VARIETY OF ACTIVITIES INCLUDING EXERCISE CLASSES, DINNERS, DANCES, PRIVATE CLUB ACTIVITIES AND NAMED ENTERTAINMENT. LAS VERDES IS ON THE DELRAY MEDICAL CENTERS NEW UPGRADED POWER GRID AND DID NOT LOSE POWER AFTER HURRICANE IRMA IN 2017. LAS VERDES IS CLOSE TO MANY FINE RESTAURANTS, SHOPPING AREAS & MEDICAL FACILITIES. THE AZURE WATERS OF THE ATLANTIC ARE APRX. 6 MILES CLOSE. A WONDERFUL PLACE TO CALL HOME WHETHER YOU PLAN ON BEING A FULL TIME RESIDENT OR THE SEASONAL "SNOWBIRD". ALL SQARE FOOTAGE IS APPROXIMATE. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.
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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.
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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 Kings Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017