25
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3206 Palm Drive
About This Property
This pet friendly, quiet East Delray Beach community along the Intracoastal Waterway has only 1 entry into the neighborhood & no drive-through traffic located less than 3 miles north of Atlantic Ave & the beach.
Plenty parking in the 2-car garage plus 2 driveways & side gate entrance for your RV or Boat trailer.
GREAT RENTAL INCOME POTENTIAL! Property is located in a small Unincorporated Palm beach Pocket of Delray Beach, all types of rentals are possible - Weekly, Monthly, The community has public water and sewer and a voluntary homeowner's association maintains fee of $120/Year ($10/mo) to maintain the front entrance (if you choose to donate).
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Sep 25, 2023 | Listed by Lang Realty/Delray Beach | $1,250,000 | |
| Listed by Lang Realty/Delray Beach | |||
| Jul 18, 2022 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by Lang Realty/Delray Beach | $999,500 | |
| Listed by Lang Realty/Delray Beach | |||
| Jun 25, 2021 | No longer available | - | |
| No longer available | |||
Property Highlights
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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