2821 Frederick Boulevard
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Price Decreased |
$729,000
↓ $60K
(7.6%) | |
| Price Decreased | |||
| Apr 12, 2024 | Listed | $789,000 | |
| Listed | |||
| | |||
|
RARE turnkey business in one of Delray's best-kept secrets, Tropic Isle operating as a successful vacation rental property. All furniture, furnishings, appliances, electronics, and future bookings would convey to buyers. NO HOA. Roof, a/c, impact windows/doors, water heater, and appliances are all brand new! The interior features an open concept kitchen with quartz countertops and porcelain floors throughout the home. Ideal location less than 5 minutes to the beach and Atlantic Ave, and also qualifies for Boca schools and is only 10 minutes to Mizner Park/FAU. Multi-Family zoning presents endless possibilities to expand upon the current house or build separate living quarters in the huge, fenced in backyard for additional income or the in-laws.
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| Sep 27, 2023 | No longer available | - | |
| No longer available | |||
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About Delray Beach
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