SPACE, VERSATILITY & THE FLORIDA LIFESTYLE! Tucked away on a
peaceful cul-de-sac in gated Rainberry Bay, this spacious 2BR/2BA
single-family home offers 2,292 sq ft under air PLUS a 396 sq ft
enclosed Florida room! Skylights fill the home with natural light,
while the expansive living room features a flexible extension
perfect for a home office, hobby room, or reading retreat. Enjoy a
formal dining room, bright kitchen with breakfast bar, spacious
primary suite, and updated bathrooms. Rainberry Bay is a vibrant
55+ community offering pools, tennis, pickleball, fitness center,
clubhouse, and endless social activities. Just minutes from
Downtown Delray, Atlantic Avenue, shopping, dining, and beaches.
More space. More possibilities. Welcome home!
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.
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