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319 Glen Arbor Terrace
About This Property
Step outside to discover a private, fenced-in backyard oasis, perfect for your beloved pets. The property is freshly painted inside and out, adding to its coastal allure. Practical needs are effortlessly met with a convenient one-car garage and an additional storage shed, offering ample space for your boats, RVs, motorcycles, and work trucks.
Nestled just six turns and a mere 8-minute drive from the beach and parks, this location is a beach lover's paradise. Embrace the convenience of nearby shopping, restaurants, and vibrant nightlife. Whether you prefer to walk, bike, or take a quick Uber ride, you're just moments away from the new waterfront dining spots or the bustling Atlantic Ave in Delray Beach. Here, a world of fitness activities, beach yoga, nightlife, tennis, and water sports awaits.
Your Florida haven is ideally located close to Sprouts Market, Target, Whole Foods, and Trader Joe's, ensuring you're never far from what you need. In this cottage, you're not just buying a home; you're embracing a lifestyle where the beach, comfort, and convenience blend seamlessly. Don't miss this opportunity to experience South Florida living at its finest!
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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 Glen Arbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017