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3104 Karen Drive
About This Property
Large spacious fenced yard offers plenty of privacy for children, pets and entertaining by the pool. Large corner lot with 2 driveways for off-street parking. 1st floor living with renovated kitchen, split bedrooms and multiple private outdoor patios.
This pet friendly, quiet East Delray community has only 1 entry into the neighborhood with no drive-through traffic, less than 3 miles north of Atlantic Ave & the beach. NO Mandatory HOA Rules or Fees.
GREAT RENTAL INCOME POTENTIAL! Located in a small Unincorporated Palm beach Pocket of Delray Beach, all types of rentals are possible. A
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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.
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About Trade Winds Estates South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017