3151 Jasmine Drive
About This Property
FEATURES:
" Direct Intracoastal Waterway with 100 feet of waterfrontage
" East Delray Beach Tropic Isle neighborhood with nearby shopping, restaurants, Atlantic Ave and beach
" Quiet cul-de-sac location
" 3 bedrooms plus office / 3 full baths
" 3,203 square feet under air / 4,404 total square feet
" Impressive portico with double glass door entry
" Open floor plan with volume ceilings sliding glass doors and windows offering gorgeous water views
" Expansive living room with water views and access to poolside terrace
" Dining room conveniently located near the kitchen
" Open kitchen with snack bar counter seating; breakfast area; and access to patio and grilling area
" Ground floor primary wing with water views; large primary bath; and access to the patio and pool
" Ground floor office can serve as a fourth bedroom with murphy bed and full bath
" Second floor loft and two additional guest bedrooms each with access to covered balcony overlooking the pool and Intracoastal
" Large waterfront terrace with lots of space for outdoor dining and living; pool; built-in grill with snack bar seating; and easy access to full bath
" Direct Intracoastal Waterway dockage with easy access to the ocean via Boca Raton inlet or Boynton Beach inlet
" Laundry room with laundry sink and lots of cabinets for storage
" Decorative circular drive and three-car garage with upgraded flooring and built-in cabinetry
" Custom landscape lighting creates the perfect atmosphere for evening outdoor entertaining or private retreats
" Nearby shopping; dining; public beach; and all that Atlantic Avenue has to offer
This direct Intracoastal Waterway property offers incredible water views and a quiet cul-de-sac location in East Delray Beach. An amazing South Florida opportunity awaits.
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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 Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017